...continuing to furnish their domestic consumptions of oil have led to increased prices of gasoline whereby alternative forms of energy production are sought. With this in mind, offshore drilling can be a viable option for satiating the need of oil and also to boost the economy of the nation. In this report, I am going to discuss how the current Deepwater Horizon rig explosion has led to disastrous oil spill into the Gulf of Mexico causing environmental problems and also discuss how the oil spill if resolved and with safe and secure drilling techniques, the economic impact of offshore drilling can outweigh the environmental issues. Concerning the Deepwater Horizon rig explosion on April 20, 2010, which escalated into a massive amount of oil spillage from the well reservoir as the oilrig sunk killing eleven crewmembers on board. The key players related to the rig explosion are British Petroleum (BP), Transocean, rig owner, and Halliburton. BP is one of the world's largest energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. (“BP at a glance,” 2010) Transocean, the world’s largest offshore drilling contractor and the owner of Deepwater Horizon rig, provides the most versatile fleet of mobile offshore drilling units to help clients find and develop oil and natural gas reserves. (“A Next Generation Driller is INNOVATIVE,” 2010) Halliburton, founded in 1919, is one of the world’s...
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...Jordan Bailey Energy Resource, Oil Looking back in time the earliest oil well drilling was done in 4th century China, maybe even earlier. The Chinese burned the oil to evaporate brine and produce salt. They also probably used the oil for lamps and possibly to an extent to heat themselves as well as their homes. By the 10th century, extensive pipelines connected oil wells with the salt springs. In the western world, the petroleum industry started near Titusville, Pennsylvania, with Edwin Drake’s discovery of oil in 1859. The new oil industry, the fuel oil and home heating oil industry we know today, grew slowly in the 1800’s and did not become a real national concern until the early part of the 20th century. The internal combustion engine created a whole new scenario for the oil industry which provided and still provides a demand for refined fuel oil that still exists today. Early finds of oil like those in Pennsylvania quickly ran dry leading to “oil booms” in Texas, Oklahoma, and California. Other countries had much larger oil reserves and stated to develop them at an industrial level. As late as 1955 coal was still the world’s most used fuel. Oil then began to take over the scene and became the predominant fuel to heat homes. Following the 1973 energy crisis and the 1979 energy crisis there became the concern that oil is a limited resource and will eventually run out, at least as an economically viable energy source. In 2004 there was a report done by USA Today news...
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...that the unnoted question is, “How have the oil spill affected the coastal Louisiana—the pros, the cons, the cause, and the effects. For several months, this particular oil spill in the Gulf of Mexico has dominated international headlines. Since offshore oil extraction began in the 1930s, these coastal residents have coped with spills and other forms of ecological damage caused by exploration and pipeline-related activities. The harms of oil drilling along offshore coasts have been manifested by the recent accident the Deepwater Horizon exploration-well located in the Gulf of Mexico. It's easy to see the damage done to oceans, marine inhabitants and coastal communities, but there are other harmful effects as well (http://www.brighthub.com/environment/science-environmental/articles/71987.aspx). I live in Florida, and I have personally spoken to former residents of Louisiana, and they have stated that the discomfort of how their once clean and beautiful waters was appealing. Due to the spill, the waters are being scorned and to make matters worse it has affected most of the businesses on the coast, negatively. Identify The Position(s) Taken In The Article. To conclude, I would like to add that another on the line question is, “What will the leaders of the nation do to perfect such a disaster from happening again?” solution is something called a relief well. The idea is simple: BP is drilling a new well that will meet up with the existing well shaft a couple of miles below the...
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...Oil Drilling Jasmine A. Richardson Freshman Seminar Friday 10:20-11:20 Throughout the years the government has spent millions of dollars on oil drilling. But what is the actual purpose of oil drilling? Is it necessary? Are we spending too much money on this one project or is it useful in the end? These questions have been debated so much over and over again. But the question is am I for or against oil drilling? Oil drilling takes up too much time and money for one simple purpose. It takes time and a workload to even begin this process. In order to perform a normal oil drilling process you have to find a land that has to be cleared and leveled, water must be nearby, if there is no water the crews have to dig water well, and lastly the crews have to reserve a pit. All of this is very expensive and damaging to the land. In an article in Bloomberg Business week it was recorded that marathon oil spent 10 million on oil drilling and that was just for one time. If oil drilling is really purposeful for the country why make it so expensive? There aren’t any other resources to finding oil? And the main objective is if we’re spending so much money on oil drilling then why are we even fighting in the war anymore? The damages to the land are excruciating and the government always ends up paying for the damages so that’s double to money they’re spending. One expensive tool they use to capture the oil is the oil rig. They use it to drill into the ground so that they can confiscate...
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...Leah Finmark Bus 513 Proposition Paper Drilling off Shore in the U.S. Introduction There is a lot of conflict today about the United States drilling for oil off shore. Oil is a huge commodity of the entire world and is hugely demanded. However, off shore drilling is hazardous to both the economy and the environment and could potentially get worse. Oil spills are a largely known negative externality that is related with offshore development. There will always be pros and cons about drilling for oil. The big question is: should we or should we not drill off shore? Literature Review One reason we should not drill for oil in the United States is because it is dangerous and could be disastrous to the environment. The recent BP spill in 2010 killed 11 workers and caused months of leakage into the ocean. Per Katherine Goldstein “This oil spill has obtained the dubious distinction of being the worst oil spill in US history.” This spill was caused by an explosion while drilling off shore in the Gulf of Mexico. This caused leaking of about 5,000 barrels of oil a day. To try to stop the leaking, several attempts were made which included controlled burning and plugging the leak, both unsuccessful. This has a huge impact on our ecosystems even though it can take months or possibly years to surface. Louisiana was most impacted by this spill. They are the closest to the leaking well and over 100 miles of the coast had been polluted. Per David Adam “State officials have...
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...naturally maintaining area of arctic and sub-arctic ecosystems. This refuge is home to a wide variety of plants and animals. There are many different species of big game that roam this area, there are 36 fish species, 36 kinds of land mammals, over 160 bird species and 9 marine animals, which include: caribou, polar bears, grizzly bears, wolves, migratory birds from each of the four main flyways and many other species. According to a Geological Survey, there is a small chance that taken together that the fields on this land could hold as much recoverable oil as the Prudhoe Bay which is the state-owned portion of the coastal plain located west of ANWR in Alaska. This has started an argument for a long time now, a constant battle over oil drilling...
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...Gulf of Mexico Oil Spill and BP Environmental Clean-Up Deb Schoenwether MGMT 312 Creativity & Innovation December 8, 2010 Submitted By: Joe Panayiotou Angela Merryfield Sonya Meggs Lisa Parker Kristi Mathews Introduction: (Lisa Parker) On April 20, 2010, an explosion occurred on an offshore drilling rig in the Gulf of Mexico, killing 28 people. It was later found that the wellhead was damaged and was leaking oil from the British Petroleum (BP) Oil Refinery into the Gulf of Mexico. In a report on the incident issued by BP on September 8, the company admitted that there were weaknesses in the cement design and testing. It is the largest accidental marine oil spill in the history of the petroleum industry. BP is the third largest energy company and the fourth largest company in the world. BP is headquartered in London, United Kingdom. Its largest division is BP America, which is the biggest producer of oil and gas in the United States and is headquartered in Houston, Texas. (Wikipedia, 2010) This significant oil spill poses a serious threat to people, industries, businesses, wildlife and beaches along the coastal areas of Louisiana, Mississippi, Alabama, and Florida. The spill continues to cause extensive damage to marine and wildlife habitats as well as the Gulf's fishing and tourism industries. BP states that they will recruit a series of teams to clean-up the shorelines and workers will receive safety training before clean-up takes place...
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...Drilling For Oil In ANWR, Is It Worth It? Alexander Payne - Engineering Student, University of West Florida Abstract - This report will take an objective look at the possibilities of drilling for oil in Alaska. We will take a look at all of the possible benefits and good that could come out of this, as well as all of the drawbacks and negative effects that can come from drilling in the Arctic National Wildlife Refuge. This report will also take a look at some possible alternatives to drilling for oil in ANWR that could possibly reap the same benefits, if not more. Index Terms – Arctic National Wildlife Refuge, Porcupine Caribou, Mineral Rights, Surface Rights, Aleuts, Eskimos, Tlingits, Crude Oil, Fossil Fuels, Solar Energy, Wind Energy, Cellulosic Ethanol, oil rig, oil spill. Introduction: Oil and its uses 1 What is Oil? There many things referred to as “oil”, but in our case, oil is a liquid substance derived from petroleum that is used as a fuel source in hundreds of different applications, and it is also used as a lubricant. Oil is considered to be one of three main fossil fuels, the other two being coal and natural gas. As you probably know, fossil fuels are nonrenewable because it takes far too many years for nature to reproduce what we are taking away from it. 2 Uses Of Oil Just about anything you can think of that runs off of an engine more than likely uses oil. Just to name off some other uses, oil can...
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...Noble Corporation Project Windmill Can Noble Corporation’s Core Competency in Health, Safety, Environmental & Operational Excellence Be Extended to a Major Acquisition? By Dr. Brooks Holtom McDonough School of Business Georgetown University With Assistance from Michael Amante, Georgetown University Mike Cadigan, Noble Drilling Services Inc. Noble Corporation Noble Corporation’s International Expansion Introduction As Jim Day, the CEO of Noble Corporation for 12 years, looked at the reports before him, he made a list of the many uncertainties inherent in the potential acquisition of Neddrill—the oil and gas drilling services subsidiary of Royal Nedlloyd N.V., a Dutch shipping company. First was the quality of the drilling assets. As far as his people could tell, the rigs would all require significant investment to bring them up to Noble standards. But the exact amount was unknown. Second was the industry’s inability to accurately forecast future dayrates (daily revenue for drilling on behalf of clients) for the rigs. Many insiders expected rates to rise but they had been wrong before with major consequences. Acquiring costly drilling assets could prove very risky if the dayrates went down instead. Third was the complexity introduced by buying a large international firm whose employees were not overly enthusiastic about joining a U.S. based driller. An inability to efficiently integrate the Neddrill assets and people into Noble would reduce the value of the acquisition...
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...Offshore Employment Handbook The Time-Saving “Getting Started” Guide for Finding Offshore Oil, Gas & Energy Jobs WE STRONGLY RECOMMEND TO SAVE THIS DOCUMENT ONTO YOUR HARD DISC NOW!!! Offshore Employment Kit…2 How to Avoid Offshore Oil Job Scams..................................................................... 5 Living the Offshore Life ......................................................................................... 10 Glossary of oilfield terms ....................................................................................... 12 Frequently asked questions about the offshore industries ........................................ 14 Nature of the oil industry ....................................................................................... 16 working conditions ................................................................................................ 19 Employment .......................................................................................................... 20 Occupations in the Industry.................................................................................... 20 Training and Advancement..................................................................................... 22 Earnings ................................................................................................................ 23 Outlook ......................................................................................................
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...Ethics in the Workplace Case Study: BP Oil Spill On April 20, 2010 off the Gulf of Mexico, there was a blowout of the Macondo well which is owned by British Petroleum also known as BP. When the blowout took place it got immediate media attention because aspects of the event were known over the world. Within events transpiring it was discovered how limited the resources and reaction to the disaster was going to be. This paper will detail aspects of the event from symptoms of the problem, the root cause, important unresolved issues, roles of the organization’s key players and stakeholders, and explain the focus of specific ethical systems. Also discussed in this paper are relevant strategies and alternatives, the effect of globalization on the choice of preferred alternatives, the most valid alternative and resolution recommendations, and an example of a successful implementation of the solution. Symptoms of the Problem Natural disasters or any disaster of any kind is hard to manage just for the purpose that these is no real planning for the situation and there is no real way to say who is in charge when a disaster happens. Concerning the oil spill with British Petroleum (BP) symptoms for the situation was that there was a delayed response, the impact on the environment and the citizens, federal regulations were lax, and the recovery efforts were not adequate. According to Griggs (2011), OPA 90 is a federal statute that holds all the responsible parties in containment, clean-up...
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...3, the Gaia hypothesis is introduced. It addresses two hypotheses; (1) life, since its inception, has greatly affected the planetary environment and (2) life has altered Earth’s environment in ways that have allowed life to persist. Do you agree with these two hypotheses? Why or why not? Energy and Food Supplies. The underlying theme of this course is energy. As a whole, the global society needs to find ways to reduce our energy consumption. The food pyramid is a prime example of energy transfer within individual ecosystems and the biosphere. As you increase the trophic levels, a greater amount of energy is lost. Some environmentalists argue that humans should eat a vegetarian diet in order to conserve energy. What are some of the pros and cons of this action? Consider the impact to the agricultural industry? How low on the food chain do you eat? Would you consider eating lower? Model Ecosystems. Review the virtual lab in Model Ecosystems. Within this laboratory exercise you will categorize various organisms into the correct trophic level for five different ecosystems. Once completed, you will calculate the amount of energy transferred between levels. Record your observations. Answer the journal questions and upload it as a Word document into the online course. Energy Policy. The U.S. Energy Policy is currently being reviewed and six main recommendations are listed, by Botkin and Keller (2011, p. 298). Discuss whether or not each recommendation will lead us to a sustainable...
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...positives for shareholders and stakeholders alike. We will be the Global Supplier of Choice® in the markets we serve by building strong relationships with our customers and suppliers. We create superior value for our stakeholders by working as a team to efficiently buy, sell, and deliver PVF products to the energy and industrial markets (MRC ND). Our suppliers are selling direct and that is handicapping our profitability in the OCTG market. We cannot stick to our own mission in this market. Issue There is a large issue going on at MRC that needs to be discussed as soon as possible. Oil Country Tubular Goods (OCTG) is a sector of our business that has become a moot and unprofitable segment. OCTG is the pipe that goes down hole after drilling. The profits are dropping and there is too much over head. This is a piece of the business that MRC has had a hand in over the last 20-30 years, but has now become too hard of an area to stay profitable in and we should not stay involved with it. The largest competitors to...
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...AT A gLANCE OUR vALUE CHAIN EXPLORATION ANNUAL REPORT 2015 DEVELOPMENT PRODUCTION REJUVENATION DECOMMISSIONING & ABANDONMENT Production Sharing Contract (“PSC”) Block Exploration Engineering, Procurement, Construction, Installation, Commissioning, Drilling, PSC Block Development PSC Block Production, Marginal Fields Brownfield Rejuvenation Decommissioning STRATEgIC ASSETS SUPPORTINg OPERATIONS ENGINEERING AND CONSTRUCTION FABRICATION, OFFSHORE CONSTRUCTION, HOOK-UP & COMMISSIONING, SUBSEA SERVICES • • • • • • • • • • • • • • • • • 273-acre Fabrication Yard in Lumut 20-acre Fabrication Yard in Teluk Kalong 88-acre Shipyard in Labuan 6 Derrick-Lay Vessels 1 Floatover Launch Barge 2 Geophysical Survey Vessels 2 Geotechnical Survey Vessels 3 Pipe-Laying Support Vessels 3 Pipe-Laying Support Vessels Under Construction 1 Subsea Construction Vessel 4 Survey Vessels 4 Accommodation Workboats & Barges 2 Accommodation Workboats & Barges Under Construction 4 Diving/Support Vessels 41 Remotely Operated Vehicles 2 Remotely Operated Vehicles Under Construction 6 Anchor Handling Tugs/Supply Vessels DRILLING ENERGY • 9 Tender Barge Rigs • 7 Semi-Tender Rigs • 1 Semi-Tender Rig Under Construction • Participating in 10 PSCs • Operator in 6 of the 10 PSCs • 1 Risk Service Contract A multinational workforce of approximately 13,000 people in over 20 countries REVENUE OPERATING...
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... " Urgent solutions Oil and gas industry is the field has to combine all of those technologies and sciences like astronomy, tides, marine sciences, construction and installation of offshore structures such as rigs, pipelines, tanks, drilling into the ground, the work of geology, geophysics, exploration of the stratigraphy… Therefore, the application of science and technology in the oil and gas activities can ensure high efficiency, save natural resources, enhance oil recovery factor and other resources saving as well as protect ecological resources. Therefore we have to build human resources management system according to international standards, which include the application of information technology systems, mapping capabilities, the standard title, system evaluation, payment regulation, bonuses, rules and criteria for recruitment to appoint the head, proper planning and appropriate building standards, criteria representatives and representatives of Petro Vietnam stake in the oil and gas activities in the country and foreign pilot who runs accordance with the Law on Enterprises. For tax policy should define equality between domestic service with service by foreign companies perform as VAT, import duty, … It should have clear policies and encourage oil and gas activities in the deep water offshore exploration and exploitation of natural gas ... tax policy should be adjusted based on the refinery and in the planning to compete with imported products, policies for gas and electricity...
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