The Gulf oil spill is recognized as the worst disaster in U.S. history.(Worse than not graduating high school) Within days of the April 20, 2010 explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico that killed 11 people, underwater cameras revealed the BP pipe was leaking oil and gas on the ocean floor about 42 miles off the coast of Louisiana. By the time the well was capped on July 15, 2010 (87 days later), an estimated 4.9 million barrels of oil had leaked into the Gulf
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On April 20, 2010 at approximately 9:45 PM, the entire future of the Gulf of Mexico, and the Ocean entirely, was changed when high-pressure gas from BP’s Gulf well expanded into the drilling rig, where it ignited and exploded, engulfing the platform entirely. At the time, 126 crew members were on board when the explosion occurred: seven BP employees, 79 of Transocean, and employees of various other companies. Eleven workers were never found despite a three-day search, and are believed to have died
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organization’s employees, users, and reputation. A company that failed to properly implement an effective risk management plan is BP Chemical Company (BP). The risk management failure of BP caused many issues for the organization, employees, so much more including people, places, and things. In 2010 an explosion and fire in the Gulf of Mexico on the Deepwater Horizon oil rig was a result of a poor risk management plan that lead to the death of 11 as well as the release of millions of gallons of
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Causes and Effects of Gulf Oil Disaster As the situation of environment is becoming worse than ever these days, the explosion of Deepwater Horizon ship has been making things the worst with the enormous damages since this incident happened on April 20th 2010. This disastrous accident happened under the 2nd biggest oil company BP’s poor responsibility. According to this accident, about 30 laborers died or got deadly hurt then the ship started to sink down couple days after the exploding. As an unofficial
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"Discuss with reference to this BP case study the problems of corporate risk and liability entailed by the factors of uncertainty and lack of reliability of equipment. (in this case the blow-out preventer) State other examples and analyse them. How can companies plan for such contingencies and manage a major disaster when it arises in a damage limitation exercise?" The Deepwater Horizon oil spill of 22 April 2010 is perhaps the most striking example of a corporate disaster due to a company’s lack of
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DEEPWATER HORIZON CATASTROPHE Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig. The Deepwater Horizon oil spill (also referred to as the BP oil spill, the Gulf of Mexico oil spill or the Macondo blowout) is a massive ongoing oil spill in the Gulf of Mexico, now considered the largest offshore spill in U.S. history. Some estimates placed it by late May or early June as among the largest oil spills in the world with tens of millions of
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explosion occurred in the Gulf of Mexico in April of 2010. There were 126 people on the rig. Eleven workers were killed, and there were 17 major injuries. In addition, there were close to five million barrels of oil that ended up in the Gulf within the next three months. Tourism and wildlife in the area suffered greatly. In addition, BP took a great public relations hit. The authors indicated that there were many issues that contributed to the disaster. The crew was drilling in extremely deep waters
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BP Leadership Group Four MGMT 620 – High Performance Leadership 2/5/2012 Chadron State College Abstract The purpose of this analysis is to focus on British Petroleum (BP) leadership as it relates to the 2010 Gulf oil spill and cleanup. One would think that a large corporation like BP would be penalized greatly from an oil spill of the magnitude. Once the announcement was made of the spill, BP leadership was quick to shirk responsibility and circumvent its
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| 1. Based on the history of the company, why did BP get involved in so much questionable conduct? BP's history extends back to 1901 when William D'Arcy's Anglo-Persian Oil Company first drilled for oil in Persia and after seven years of drilling and darcy's nearly spent his net worth finally oil spewed out and became rich. Unfortunately later at 1914 BP was on the verge of bankruptcy due to the very low demand of oil in global market. Accordingly ,BP's Board strategy focused for decades
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1. Introduction This report will identify a crisis facing BP company, the Gulf of Mexico spill, and investigate how the organization response to the society. In this report, it will use Legitimacy theory to explain BP’s response to this event. Legitimacy theory can be treated as a explanation for voluntary corporate disclosures in annual report. As (Dowling&Pfeffer, 1975) says a corporation must act in congruence with norms and society value. First of all, Legitimacy theory is based on the
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