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 temporarily abandon the well and move the rig to a new location. At 10 p.m. an explosion ripped through the rig killing 11 workers (Rigzone). A
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87 days, causing a spill of national significance” (Crisis Watch). The operations were controlled by BP Exploration & Production Inc., in which they held the lease contract as operators of Mississippi Canyon Block 252, which contains the Macondo Well. Deepwater Horizon exploration was to collect crude oil, one of the leading fuels in the world. After the explosion that shocked the nation, BP formed an investigation team that was in charge of gathering the facts surrounding the accident, analyzing
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company: “BP is one of the world's leading international oil and gas companies. We provide customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging”(“British Petroleum,” 2013, par.1). -Example of unsafe activity: The Deep water Horizon calamity is regarded as the biggest release of oil into the oceans (Black, R., 2010, par. 1). -Result: BP should
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Current ethical issues on Oil Spill Today, with the continual and rapidly growing need of energy demand by big nations like United States and China 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
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products and prices; that benefits consumers all over the world. However, multinational firms with profit-maximising and cost-minimisation objectives have raised ethical concerns, such as pollution, child labour, workers’ salary below minimum wage, over working hours, welfare discrimination, etc. This essay is going to discuss the recent case of “BP oil spill in the Gulf of Mexico” in 2010 that has got many attentions of countries and international actors including some INGOs and WTO. The US president Barrack
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Running Head: BP OIL SPILL (2010) BP Oil Spill (2010) kemy Emesih Southern New Hampshire University Abstract In researching this topic, the organizational roles, structures and behaviors at various levels of employee hierarchy and how they played into one of the biggest crisis in the United States – BP oil spill 2010 was examined. Also looked at, was the dysfunction within the organization and if the cleanup had led to a better organizational structure, culture, communication, leadership
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coastline. What BP had initially claimed would be a spill with “minimal impact”, 69 days later now constitutes the largest offshore oil spill in U.S. history. Today the well is conservatively estimated to be leaking at a rate of 1,900,000–3,000,000 litres per day—though several expert estimates based on footage of the spill suggest the actual rate is more likely to be 3 to 5 times higher than this. The unusually wide disparity in expert estimates is due to the fact that BP has continually denied
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Prepared for: Mr. Jubred A. Peñano BP Course no: BE F06 International Training Program, Banking Academy Prepared by: Dương Thị Mỹ Hạnh – Class F06B Registration No: ITP F06-039 No of word: Submission Date: 7th November 2013 Executive summary In recent year, the world economic is being stressful; all of economy activities are difficult. A lot of big and small companies fall into bankruptcy. Therefore, in order to maintain and develop the business, companies need to have
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TO: ALAIN LONDES SUBMITTED BY: RUMANA PARMAR SHIVANGI SHARMA GURMEET KAUR VARINDER DHIMAN Case Study British Petroleum Runs the Social Media Gauntlet Company Background British Petroleum is Public Limited Company established in 1954. BP is one of the TOP global oil and gas corporations in the world. It provides many products like carrying fuel; buy and sell services, power for heat and luminosity and petrochemicals products for day to day use items. It is on 3rd ranking, 1st and 2nd
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The initial name of BP is the Anglo-Persian Oil Company in 1909; in 1954 it changed to its present name British Petroleum. It is combined and reconstructed by the former British Petroleum, Amoco and ARCO (Atlantic Richfield Company). BP’s business has spread to many fields including oil and natural gas, alternative fuels, the production of petroleum based product, aviation fuels and its business about the solar electric power generation is also growing very fast. Since 1981, BP has set up 12 branch
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