History of Bp Oil Spill - 2349 Words

BP s Management Crisis The Frontline report, â€Å"The Spill†, which focused on British Petroleum s problematic management culture and its catastrophic effects, aired on October 26, 2010. Around then, the oil giant BP had suffered a crisis with its latest off-shore oil rig, the Deepwater Horizon. However, this was just the latest in accidents concerning its oil operations. In the years before the Deepwater Horizon accident, BP had also suffered major accidents in its oil production fields in Texas and Alaska. Its CEO, Lord John Browne, had greatly expanded the company by buying off other oil companies and cutting costs. Unfortunately, Frontline’s report suggests the company s sole focus on expansion and cost reduction was what caused the†¦show more content†¦Its infrastructure was designed to last until 1987. However, BP still used the outdated equipment well into the twenty-first century. It was obviously cheaper for the company to mine for oil rather than replace the aging equipmen t. According to Frontline, BP had only hired around three hundred contractors to inspect the pipes on the immense oil field. However, even with so few contractors to survey the pipes, the results were appalling: most if not all the pipes were dangerously corroded and unsafe for oil transport. In a Washington Post article, BP Alaska Remains at Risk, Frontline co-reporter Abrahm Lustgarten went into detail about the severity of pipeline corrosion and BP’s disregard for safety on the North Slope. BP pipe examiners had found that over eighty percent of the pipes could rupture. Some pipes were so corroded that they were a few thousandths of an inch from leaking. Most of the pipes carried highly reactive hydrocarbons, risking explosion should there be a rupture. Even with so much old pipes, BP never renovated them. Mark Kovac, a BP engineer, depicted BP’s zealous cost cutting and safety ignorance by saying, â€Å"They re going to run this out as far as they can without leav ing one dollar on the table when they leave† (qtd. in Lustgarten). The dangerous work conditions of the Prudhoe Bay field prompted workers and their unions to file complaints to BP’s management board. However, the management never followedShow MoreRelatedEnvironmental Disasters : The Oil Spill1587 Words   |  7 Pagesit. The Deepwater Horizon spill, better knows as the â€Å"BP Oil Spill† was an eighty seven oil spill effecting the entire Gulf of Mexico. The oil spill which occurred in 2010 is still the largest accidental oil spill in the history of petroleum industry (CNN). Economists are still working to this day to diminish the severity of the oil spill, and the long-lasting problems that have came with it. Since then prevention became the key component solution to prevent accidental oil pollution. With over 4.2Read MoreWhy The British Petroleum Was Responsible For The Accident1404 Words   |  6 Pages No doubt that the Deepwater Horizon oil spill was one of the worst and the largest oil in the history of the world. In the following essay we will discuss about the various aspects related to the accident and find out whether if the British Petroleum was responsible for the accident. BP or British Petroleum is the largest corporation in the United Kingdom and is an international company that operates in oil, gas and chemical industry. The company is headquartered at London. It owns various refineriesRead MorePetroleum And Natural Gas Exploration Essay1701 Words   |  7 PagesSummary April 20, 2010 was the beginning of the end for British Petroleum. BP was started in 1901 by William Knox D’Arcy. Their mission is to operate oil and natural gas exploration, while marketing and distributing all over the globe. The primary issues the company faces are rebuilding their business after the tragic oil spill, their low oil prices and internal leadership promotions. Following the 2010 oil spill, all of BP’s top executives were fired, and the company has continued to promoteRead MoreEssay about Stakeholder Analysis on Bp689 Words   |  3 PagesAssignment # 1 Stakeholder analysis on the British Petroleum oil spill disaster Stakeholder: UK and USA Government The British Petroleum (BP) oil spill in the Gulf of Mexico flowed unabated for three months in 2010. It is the largest accidental marine oil spill in the history of the petroleum industry. This event affected individuals and groups, know as stakeholders, in different ways according to the impact that the catastrophe meant to their situation. The stakeholders treated in this case areRead MoreBusiness Ethics. Bp Oil Disaster – â€Å"Deepwater Horizon Oil1214 Words   |  5 PagesBusiness Ethics BP Oil Disaster – â€Å"Deepwater Horizon Oil Spill† Thelma P. Eldridge Business Law – BUS 2301.88 Spring 2017 April 25, 2017 In today’s business world, businesses are subject to the laws of the country in which their company was organized and operates. Business owners are to conduct themselves and their affairs ethically and owe some degree of social responsibility for their actions. Ethics, although not law, is a set of moral principles or values that govern the conductRead MoreBP Oil Spill and The Deep Water Horizon Accident1218 Words   |  5 Pages on the world’s largest offshore drilling contractors. BP would charter the Deep Water Horizon from March 2008 to September 2013 for deep exploratory drilling. BP would drilling off of the Gulf of Mexico eighteen thousand three hundred and sixty feet below sea level, in five thousand one hundred feet of water. April 20, 2010 at 9:45 am, a high presser methane gas leak expanded into the drilling riser and the drilling rig, where the BP oil rig would ignite and explode. During the this time thereRead MoreMultinational Gas And Oil Company1624 Words   |  7 Pagesmultinational gas and oil company based in the United Kingdom. Operating in over 80 countries and producing around 3.4 million barrels of oil a day, BP is the third-largest energy company in the world behind Exxon Mobil and Royal Dutch Shell. The company is involved in all aspects of the process including exploration, production, refining, and distribution. The largest division is BP America with 16 total refineries and the more leases on oil rigs in the Gulf of Mexico than any competitor (BP p.l.c). InRead MoreThe Negative Effects Of Human Civilization On The Environment1623 Words   |  7 Pagescarpooling, switching to natural gases instead of coal and oil, and creating laws to reduce carbon emissions in factories and began recycling in order to find new ways to reuse old material. In many ways, the everyday people of the country are putting in their part to help the planet survive and thrive for the generations to come. It should not be an outrageous thought that the large, multimillion dollar corporations monopolizing a good portions of the oil sold in America should do the same. Yet, there haveRead MoreBp Oil Spill1094 Words   |  5 Pagescompetitive) segments do you think BP considered or didn’t consider prior to their drilling of the Gulf Coast? What should the wedding business owners now consider in their external environment? BP decided to drill in the Gulf Coast mostly because of the oil availability and competition. Opportunity was definitely considered by BP. The North Sea was saturated with other oil companies and BP saw an opportunity in the Gulf of Mexico (Pour, 2011). The segment that BP did not do well is the environmentalRead MoreBP Oil Spill Crisis Essay978 Words   |  4 PagesBP Oil Spill Crisis The Deepwater Horizon was a nine year old, ultra-deepwater, dynamically positioned, semi-submersible, offshore drilling rig built in South Korea. In 2008, British Petroleum (BP) leased it from Transocean to drill for oil in the Gulf Coast. In September 2009, the rig drilled the deepest oil well in history at a depth of 35,055-feet. On April 20, 2010 while drilling the rig exploded at 9:45PM (CST), killing eleven workers and injuring seventeen others. It was caused when methane