failures: The BP Case Study Daniel De Wolf1, Mohamed Mejri2* 1University 2Ecole of Littoral Côte d’Opale (ULCO)/Management & Economics, Dunkerque, France. Superieure de Commerce/Management Department, University of Manuba, Tunis, Tunisia. *Corresponding author: Email: mohamed.mejri@univ-littoral.fr Abstract On the 20th of April 2010, an outstanding explosion of the BP Deepwater Horizon oil rig situated in the Golf of Mexico caused the largest maritime disaster oil spill in the USA history
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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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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
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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
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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
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1 BACKGROUND TO THE STUDY Oil spill is the leakage or discharge of petroleum onto the surface of inland or coastal water. It assumes disastrous dimension when an uncontrollable well blows out or pipeline ruptures. On water surface, spreading takes place immediately, which is very harmful to various types of aquatic lives as it prevents sufficient amount of sunlight from penetrating and also reduces the land-dissolving capacity in the water. The magnitude of crude oil pollution and damage occasioned
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building a global brand? Answer) British Petroleum which was the top petroleum in Britain. In 1998 BP has to start to increase its business to an international level. Its step in the process was acquisition of foreign companies. BP started with the acquisition of Amoco and later Arco, Castro, and six more companies. But just acquisitions don’t make this company a global leader in the present market. The BP core values are:- Performance: First and a very important value for any company for its growth
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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
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environmental disasters but the biggest offshore oil spill in its history. Off the Gulf of Mexico a large oil rig, Deepwater Horizon, operated by British Petroleum, exploded killing 11 employees and leaking an estimated 4.9 million gallon of crude oil into the ocean. Furthermore, the explosion caused a subsequent fire resulting in the ultimate sinking of the Deepwater Horizon. Although this disaster was accidental there were many warning signs that BP neglected which could have prevented it. To begin
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Hello, here at BP we strive to attain oil in the cleanest form possible, alongside taking full responsibility of our actions and the effects that we have on the local communities. We are aware that things in the past may have not gone the way we planned but we are forever in debt to the local communities that we damaged and the lives lost. We now have various precautions set in place to minimalize the risks and in general the negatives that arise from our day-to-day work. These precautions are there
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