There are many key takeaways that are derived from the Deepwater Horizon Disaster. The behaviors and attitudes of leaders were disappointing at best, and irresponsible at worst. It appears that BP presided over an organizational culture that sanctioned extreme risk-taking, ignored expert advice, overlooked warnings about safety issues, and hid facts (Morgan, Whitehead, Huth, Martin, and Sjolander, 2016). Their failure to respond to the disaster with sufficient speed and attention, was a direct consequence
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BP Paper Rough Draft 11/23/2012 April 20, 2012 British Petroleums drilling vessel Deepwater Horizon suffered an explosion, and then began expelling enormous amounts of crude oil into the Gulf of Mexico. Although many different individuals and organizations attempted to help BP fix their spewing well, it wasn’t until July 15 that the vent was cut off. Through our research we have developed an analysis that examines the cause of the cause of the disaster, the event itself and its aftermath. We would
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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
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Course 2016 FE1 EDHEC Nice Tutorial 3 BP, Deepwater and Sustainability Reporting The Deepwater Horizon oil rig fire and explosion on April 20, 2010, killed 11 men and caused one of the largest marine oil spills in history. The leak from the undersea well flowed for 87 days and polluted an estimated 68,000 square miles of the Gulf of Mexico waters and nearly 500 miles of coastline from Louisiana to Florida. At the moment of the accident BP was the leaseholder and operator of the Maconda
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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
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The Deepwater Horizon oil spill, also known as BP oil spill, started on April 20, 2010. It was caused by an explosion and the sinking of the Deepwater Horizon oil rig. The spill lasted 87 days, until it was caped on July 15, 2010. The BP oil spill is one of the largest accidental release of oil into marine waters. Five million barrels of oil have poured from BP’s well and only 800, 000 barrels were recovered by containment efforts. The Exxon Valdez spill in 1989 was a significant instigator of stronger
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$234 billion (Hargreaves, 2010). Oil and gas industry creates $124 billion annually, the largest chunk of Gulf economic activities (Hargreaves, 2010). This industry, while creating the largest economic impact in the area, is also responsible for creating its largest ecological disaster. On April 20, 2010, The BP and Transocean operated oilrig Deepwater Horizon had recently suspended drilling operations more that 50 miles southeast of Venice, Louisiana’s coast (Rigzone). BP had filed a permit to
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Oil Spill Seven years ago, 2010. The BP oil well deep in the Gulf of Mexico exploded at the Deepwater Horizon drilling rig and left 11 workers dead. The explosion set off the worst offshore oil spill near the Mississippi River Delta and the coasts of Louisiana state. Because of the oil leaking many marine species such as fishes, dolphins, and plants died. Oil spill was noticed on the 4/22/2010, when the BP found a large oil spots began to spread around the Deepwater Horizon. However, the Flow Rate Technical
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A Behavioural Finance view of the Deepwater Horizon Disaster of 2010 INTRODUCTION The Deepwater Horizon disaster of 2010 was the largest accidental marine oil spill the oil industry has ever seen. It claimed 11 lives and caused huge environmental damage on the shoreline of the Gulf of Mexico by discharging circa 4.9 million barrels of oil. There have been numerous enquiries and studies into the accident to try to understand what happened, the goal of the enquiries was to establish where the fault
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The explosion of the oil rig Deep Water Horizon concurred on April 20, 2010 42 miles off the coast of Louisiana and is the worst environmental disaster in US history. The explosion killed eleven workers and injured seventeen others. The rig was leased by BP from Transocean who was contracted to drill the well. The oil spill affected people, beaches, fish, and birds in many ways and the long-term issues continue currently. The amount of oil spilled in the Gulf was around 100,000 barrels daily.
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