BP´s Deepwater Horizon Oil Spill of 2010 Essay

Deepwater Horizon Oil Spill The Context Before the occurrence of the Deepwater Horizon event, BP had already been labelled as having a horrible safety record. A 2009 report by the United States Department of Labour Occupational Safety and Health Administration (Todd & Petterson , 2009), indicated that BP had 270 existing fines of a ‘failure to abate’ and 439 ‘wilful violations’ of various safety protocols. At the time of the disaster the regulators of the oil industry in the United States was the

BP, known as British Petroleum until it rebranded to Beyond Petroleum in 2000, is the third largest energy company in the world. BP has operations on six continents, located in over 80 countries, with its main headquarters located in London, UK. Its largest operating division is BP America, which is located in Houston, Texas. The Deepwater Horizon was a semi-submersible offshore drilling rig owned by Transocean. Built in 2001 in South Korea by Hyundai Heavy Industries the rig was leased to BP from

BP and the Gulf of Mexico Oil Spill Case Study Tamatha French Management 6000 Hawaii Pacific University   Introduction and Background On April 20, 2010, the petroleum industry suffered the largest maritime disaster oil spill in its history known as the Deepwater Horizon oil spill. The Deepwater Horizon oil rig that had been working on a well for BP in the Gulf exploded and went up in flames. Subsequently, massive amounts of oil spilled out into the water, threatening the marine life and those

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 Horizon rig explosion has led to disastrous oil spill into the Gulf of Mexico causing environmental problems and also discuss how the oil spill if resolved and with safe and

handed to the offender(s)? The American criminal justice system has primarily used two different types of theories to ensure justice is served; the retributive system and the restorative system. A perfect example on how these two theories can be used can be shown through the 2010 Deepwater Horizon/British Petroleum (BP) oil spill. During the aftermath of the oil spill, both theories were used and shockingly both were quite successful by punishing the offender (in this case, BP) and ensuring the victim

BP Oil Spill Chait, J, (2010). Dear Leader. New Republic, 241(10), 2-2. Retrieve June 21, 2010, from Academic Search Premier. This article discusses the present oil spill in the Gulf of Mexico. The president’s has not changed the Minerals Management Service. In reality, the federal government has no agency tasked with capping undersea oil leaks. All the necessary equipment, along with the expertise for operating it, resides with the private sector. BP will likely bear the full cost of the spill;

SHYAMNIMISHA SAXENARAGHAV YADAVROHAN ANANDDATE OF SUBMISSION: 24TH AUGUST, 2010 | | Effect of BP oil spill and subsequent market reaction on the assets of pension funds and mutual funds Case Facts:- * 20th April 2010 – an explosion caused by blowout on Deepwater Horizon rig kills 11 crewman (including 9 Transocean employees) and ignites a fireball visible from 35 miles. * Deepwater Horizon was leased to BP

the oil spill happens. This oil spill happened five years ago and nearly 5 barrels of oil was spilt into the Gulf of Mexico. The oil spill was caused from an explosion through the Deepwater Horizon drilling rig about 40 miles off the coast of Louisiana. The main effect from this oil spill was the losses of the animals. Causing many to almost go extinct. As a result from the oil spill the earth has had—losses from pollution, the cost, and the damage of people. The first effect of the oil spill is many

behind the voluntary disclosure of Deepwater Horizon Disaster by BP Plc. | | | Prepared by : Gajanayagam Jeyasundram | This paper examines the relevant theory that explains public disclosure by big corporations in disclosing corporate mishaps that has environmental, social and economic consequence. We look at Deepwater Horizon in particular and its disclosure by BP. | Num | Content | Page | 1.0 | Introduction 1.1 BP Plc. 1.2 Deepwater Horizon Disaster | 3-4 | 2.0 | Legitimacy

Introduction The Deepwater Horizon was the largest marine oil spill in the American history. It occurred in 2010, and was caused by an explosion that occurred on the Deepwater Horizon offshore southeast of the Mississippi River delta (Boyd, 2010, p.25). BP tried in all ways to curb this explosion or marine oil spill, but after some failed efforts to fix the leak, they thought they capped the well. However, they only managed to stop the flow of oil into the Deepwater Horizon after 86 days of failed