...Oil Spill The disaster that occurred in the Gulf of Mexico on April 20, 2010 was a huge deal to our nation. I'm sure that everyone old enough to understand heard about the oil spill. The spill was very bad, but I believe we got lucky because it could have been even worse than it ended up to be. The oil flowed into the open ocean for over three months, but it was originally thought that it was going to take even longer to stop. A oil spill of that magnitude could severely damage any environment that it was spilt into. The corporation BP took much heat from the government, along with everyone around the country for causing the leak, and not fixing it quick enough. The fact is, once the leak started as it did, it was a very hard problem for them to stop. My paper will cover three elements of this horrible disaster: First, the ecological impact on life in the gulf after the spill, Second, the current economic life of the local communities, and lastly, what is being done to mitigate future consequences. First, obviously the oil spill in the Gulf of Mexico left an ecological impact on life in the gulf, and surrounding areas. On July 15, the leak was stopped by capping the gushing wellhead, after it had released about 4.9 million barrels,^ or 205.8 million gallons of crude oil. That is a whole lot of oil being released, so the impact that it had on the environment was a big one. Actually, it was the largest accidental marine oil spill in history. Obviously the marine...
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...BP Oil Spill | Case Study Analysis | | Disclaimer: To start things off, I would like to mention that the BP Oil Spill is an extremely complicated case and its impact could be felt in every corner of the world. Therefore, my case study is only the tip of the iceberg and should not be used to judge the entire controversy. In addition, all statistics and information have been obtained from other sources. Enjoy! | | By: Haikang Zhu | For: Professor Bill WoofClass: Mgmt 1040 DDate: December 9th, 2010 | | BP (British Petroleum) is a global oil and gas company based in London, England. To date, it is the third largest energy company and the fourth largest company in the world in terms of revenues. Bp has operations in over 80 countries, produces around 3.8 million barrels of oil per day and has approximately 22,400 service stations worldwide. One major controversy that has been following every single oil and gas companies is the sustainability of offshore drillings and their impacts on the environment and the potential problems that might occur. Unfortunately for BP, On April 20th 2010, the dreaded problem occurred. The drilling rig known as the Deepwater Horizon Rig exploded, immediately killing 11 men and injuring 17 others. The incident took place in the Gulf of Mexico and is the worst environment disaster in the history after the Exxon Valdez accident in Alaska. The oil spill stemmed from a sea-floor sea gusher and was the result of the explosion of the drilling...
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...Oil spills affect various places including the Arctic waters. There have been numerous oil spills all over the world including the United States, Nigeria, and China and are threats of more occurring. There have been several oil spills to occur in the United States but two of the most well known major oil spills in happen here are the Exxon oil spill and the British Petroleum Deepwater Horizon oil spill. In March of 1989 an oil tanker called Exxon Valdez created a massive oil spill after running into a reef in Prince William Sound, Alaska (Fontugne 2015). Over eleven million gallons of crude oil was poured into Alaskan waters. Due to increased fossil fuel exploration, such as fracking, in various places near Arctic waters, including Alaska,...
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...Environmental Regulations 1-0: Introduction Two vessels collided on august 1990 near Gibraltar in Spain resulting in a sea disaster and oil spill. Sea Spirit along with the Norwegian gas tanker collided head on causing a spill of about 8000Tons of oil. Oil contamination in the marine spread far, even reaching the Moroccan coast in form of cakes, tar balls, and oil packs. Similar to this disaster is the major oil spill that occurred on July in 1979 near Trinidad and Tobago caused by the Atlantic Empress. The spill allegedly resulted in the largest oil spill of 287,000Metric tons of oil ever to be recorded. The disaster was never totally remedied since during pull away from the scene, the tanker continued to spill an additional substantial amount of oil. Conversely, the Aegean Captain also leaked large amount of oil. Some moments later on, Atlantic Empress sank deeply with its cargo remaining solidified. However, the spill from the two ships never reached the shores of the ocean. 2-0: Similarities 2-1: Similarities in environmental effects In terms of ecological contamination, Both Sea Spirit and Atlantic Empress caused major impacts on sea animal and plant life. Sea birds became highly affected dipping the insulating capacity among such animals. Birds became highly vulnerable to temperature changes and less buoyant in water. The two oil spills contributed to huge impairments and disabilities related to flight in aquatic birds (Horn and Neal 2006, para 3). In fact, species found...
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...Tori Banegas World Geography 29 February 2012 BP Oil Spill Oil rigs provide the world with the fuel that is needed to keep it running. However, it is common knowledge that they may potentially cause harm to not only living creatures but also the environment they rely on to survive. This was proven in the spring of 2010 when an oil rig off the Gulf of Mexico exploded and resulted in an oil spill. This catastrophic event opened millions of eyes to the errors that can be found in the way oil rigs are set up. It also caused people to take a closer look at whose responsibility it is to make sure all the safety codes and procedures are being followed before a drilling plan in approved. The BP disaster not only drew people’s attention to the process of oil drilling, it also had a serious impact on the economy and an even more tragic impact on the environment and wildlife around it. It also provided a perfect example of the dangers oil drilling can pose if it is done in an area not prepared to handle the consequences. On April 20, 2010 an offshore oil rig owned by BP (British Petroleum) blew up, taking the lives of 11 people before beginning to dump dangerous amounts of crude oil into the ocean and coastlines of the Gulf of Mexico. The oil rig, known as Deepwater Horizon, is believed to have dumped more than 200 million gallons of the oil before it was capped off three months later. This number however, is only an estimate due to the refusal of BP to allow accurate measures of...
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...Institute Subject Date The BP Oil Spill Introduction Oil spill refers the condition in which fluids of petroleum flow into marine habitats (IMO 2005). Water pollution is one of the types of pollutions known to be very notorious in controlling. Although oil products are insoluble in water, the method of evacuating oil spills from the water surface, is never an easy task. When oil spills occur, the layer of petroleum formed on the surface of the water leads to blockage of the oxygen mixing with the water, to support marine life. Consequently, the marine life is affected, and if no control measures taken in time, it can lead to mass destruction to the marine life. In history, many oil spills have occurred with varied intensity. The accident of British Petroleum is one of the notable oil spills in the history. The BP oil spill that occurred back in April, 2010 in the Mexico’s Gulf is among the oil spills that caused a massive damage to the marine life. According to Ocean Portal Team (The Ocean Portal Team 1), the BP oil spill was ranked among the worst ever oil spills in the history. As a result of this accident, the British Petroleum management has been very vigilant in their businesses, and they have sought to assure everyone that they are committed to avoiding such occurrences in the future. BP being not an American firm, it has attempted to convince the Americans that indeed its management had felt the impact of the spill as any citizen of the nation would. In quest...
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...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...
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...Oil Spills in Water SCI/256 Louise Morell Oil is one natural resource that has been maintained for the most part around the world. It has had its positive and negative effects on the human population as well as in agriculture. Several practices have been put into place in order to manage the sustainability of oil. Countries around the world cross-train and share ways on how to be more conservative with this energy resource. With all of these practices in place, there is irreparable damage in the freshwater aquatic and marine ecosystems when oil is deposited into the environment. Oil spills are something that can affect large bodies of water as well as small. It has been made known the affects it has had on oil drilling in our oceans but, oil spills can happen accidently or due to poor drilling practices in local areas as well. In the freshwater and aquatic arena, oil can be found. Rarely does it exist in its fundamental state as in most areas it must be processed. Although it is a natural resource, it is considered a localized resource due to it being found only in certain areas. It is also an exhaustible resource, which means that it is something that can run out, unlike air. When there is an oil spill in the freshwater or marine ecosystem, there is no mixture of these two liquids as the two are immiscible. Unfortunately the freshwater, which serves as a nesting ground and food source for many different species, it creates a threat to the inhabitants who rely...
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...DR . RAM MANOHAR LOHIYA NATIONAL LAW UNIVERSITY, LUCKNOW A project submitted for the research work undertaken in the preparation of research paper on the following topic. TOPIC British petroleum oil spill and its ecological impact on the US economy. SUBJECT ENGLISH SUBMITTED BY : - UNDER THE GUIDANCE OF :- Mrs. ALKA SINGH ROLL NO: SECTION : SEMESTER : Acknowledgement I owe my deepest gratitude to mu supervisor, Mrs. Alka Singh, whose encouragement , guidance and support from the intial to the final level enabled me develop an understanding of the subject and helped in the completion of the project. Lastly , I offer my regards and blessings to al those who supported me in any respect during the completion of the project. Contents * Company background * Facts of Problem under discussion- Deepwater Horizon oil spill (2010) * Efforts to contain the Flow of oil * Permanent Closure by ‘Static Kill’ Operation * Areas affected – * Impact on US economy as a whole * Environment and ecological impact * Fisheries * Tourism * Individual impacts on states * Louisiana * Florida * Alabama * Unaccounted Oil * Commercial Law Suits * Damages paid * Long term effects * Reference Company Background * Name – British Petroleum * Founded- 1909 as the Anglo-Persian Oil Company 1954 as the British Petroleum Company 1998...
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...The Coasts of Our World: Ecological, Economic and Social Importance emerged information on the ecological, economic and social importance of the coastal areas around the world. They are defined as regions that range from the continental shelf (to a depth of 200 m), the intertidal areas and adjacent land as coastal areas. They concluded that these regions have been heavily altered by human activities. 72% of land is still covered by natural ecosystems and 28% have been altered by human activities for farming and living space. More than 50% of the coastal countries have from 80 to 100% of their total population within the coastal areas. This provides information on how much humans value coastal areas because the majority of these areas have high...
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...BP Oil Spill Public Relations Response Introduction BP Oil Spill which is also known as Gulf of Mexico and Deepwater Horizon oil spill is the largest marine oil spill throughout the history which was caused by an explosion on offshore oil platform namely Deepwater Horizon on 20th April, 2010 located at the Mississippi River delta. British Petroleum (BP) was the principal developer of Macondo Prospects oil field where the accident held. The accident occurred when they were closing the oil well for using it in future prospects. BP claimed that on July 15, 2010 they capped the well by stopping the flow of into the Gulf of Mexico in 86 days. Following the hazards of oil spill U.S. Government held British Petroleum responsible for the incident and told the company for all cleanup measure which result in oil spill. BP accepted the responsibility and cleanup costs. According to numerous reports, abnormal amounts of high-pressure methane gas accumulated inside the rig's marine risers, a complex system of tubing that runs between an underwater oil sources. The methane gas traveled through the risers and expanded rapidly, igniting the oil within. The exact cause of the explosion and fire are still under investigation, but according to interviews conducted during BP's internal investigation, several workers aboard the rig reported that a bubble of methane gas had in fact escaped from the well and shot up the drill column, expanding as it burst through several seals and barriers before...
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...by challenge. It must be determined how to meet the supply of demand. BP has increased their reserves and the need to diversify. BP experienced a horrific accident in April 2010, which was named the Deep-water Horizons. The company was responsible for an oil spill that occurred in the Gulf of Mexico in April 2010. This spill will have a lasting economic, personal, and environmental effect on those involved in it. Many workers, individuals, and businesses were impacted along the coast lines. For workers, those who worked on tugs, barges, oil rigs, or fishing/shrimp boats lost wages and time off work because of the oil spill. Individuals, or residents, that lived along the coast line may experience health issues because of the chemicals and toxic fumes that were released as a result of the oil spill. Property owners may have damage to their land if any of the chemicals was washed up and came in contact with the soil. Businesses around the coast line, especially fishing and tourist, suffered due to damage caused by the spill. These businesses suffered a significant lost due to the oil spill. Many will have to lay off workers or lose their businesses all together due to this issue. The Gulf of Mexico oil spill is also known as the Deep-water Horizon. This accident impacted the lives of many people, both local and worldwide. Local communities and businesses suffered a...
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...Laura Holland SPILL Writing Assignment Everyone has heard, thought, or even succumb to the act of saying some string of words like “Geez, gas prices have gone up.” More often than not, that phrase is used in a disgusted tone. Yes, the prices might fluctuate and usually tend to go up. One might be a little perturbed by having to pay just a little more than last month to get from one place to another, but I wonder if they have ever really thought or really understood the hardship of the work that goes into pumping that fuel into the tank of their automobile? Fondakowski’s production of SPILL used many effective details and tools that sought to help open the eyes of these kinds of tunneled vision spectators. SPILL beautifully paints the portrait for the basis of reality on the true cost of oil. Through her portrayal of ‘Louisianian’ culture, use of language, manipulation of time, and infusion of visual elements, she genuinely illustrates the effects of oil on people’s lives, not only as a provider of jobs and mobility, but also as a devastating alteration in one’s life. Fondakowski’s main approach of the play was that she enforced the theatrical style of docudrama. This type of dramatic choice, helped to fully address the pressing issue of oil and its cost by taking real people that were affected by the spill, and incorporating their tragic experiences, testimonies, and speeches. Each person and their portions from interviews were carefully and selectively picked to help...
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...Change is a real and coming problem that can only be stopped by using little to no fossil fuels, like oil. While most oil companies state that their methods are safe there have been many large spills over the years which cause controversy over the topic, And drilling in Antarctica's National park may not be the wisest or best route to go about when trying to save...
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...MEXICO OIL SPILL Presented to Board of Directors Oil and Energy Company, BP Prepared by John Molson School of Business Representative Bachelor of Commerce, Accounting Major March 23, 2011 MEMORANDUM DATE: March 23, 2011 TO: Board of Directors, Oil and Energy Company, BP FROM:, , Bachelor of Commerce, Accounting Major SUBJECT: SOLVING BP’S PROBLEMS REGARDING THE GULF OF MEXICO OIL SPILL Here is the report regarding the oil spill catastrophe that resulted from the explosion of Deepwater Horizon, which took place on April 20th 2010. The damages caused by this mishap are assessed and analyzed in this report. This report also includes recommendations made by experts in the specified fields relating to solving the issues brought fourth by this aforementioned spill. Despite the horrific consequences that have affected the global environment, BP’s reputation and BP’s financial assets due to this oil spill, certain efforts must be made on PB’s part in order to maintain a healthy environment for all living organisms on this planet. The information gathered in this report explores the methods at which BP could engage in this restoration process. Different methods that can be used to clean up the oil spill will be investigated in order to derive the best possible solution for BP. I am grateful towards BP’s board of directors for accepting responsibility of this oil spill by admitting...
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