Bp Oil Spill Essay

of the BP executives concerning the Deepwater Horizon disaster. He proceeds to state the fact

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 gas from the well shot all the way up and out of the drill column, expanded onto the platform then ignited and exploded. The explosion then led the rig to burn, with the resulting fire unable to be extinguished 2 days later it sinked leaving

The BP Gulf of Mexico Oil Spill was one of the worst spills occurred in the history of the oil industry because the way it was carried out and the way it occurred. The had affected the people worldwide it’s didn’t just affect the people who were onboard or the company because had effects on the environment, share prices were dropping, the company had to pay huge amount into the fines to the governments and also, they had to pay huge amount to clean the gulf water and the affected shore area. The total amount BP spend in fines was about the $56.4 billion. This spill was worse than the spill occurred in Exxon Valdez because it damaged the shoreline of four states threatening more than 65000 acres of land to be damaged. Over 8000 animals

In 2010 on April 20th the Gulf of Mexico had seen the worst environmental disaster the world had ever seen. It started as an explosion on a BP oil rig that took the lives of 11 people and injuring 17 while leaking "...at least 3 million barrels of oil..." (Bryant & Hunter, 2010, para. 2 This was not the first accident that has happened to BP but, certainly the most costly. In 2005 there was an explosion at a refinery in Texas that killed 15 and injured over 180 people (Bryant & Hunter, 2010). They ended up paying over "...2 billion in damages and lawsuits" (Bryant & Hunter, 2010, para. 5). With the 2005 incident, BP had cut costs in their operating budget and also lowered the safety standards of the company (Bryant & Hunter, 2010). There

BP tends to make bets that others don’t which is most likely why the disastrous deep water horizon oil spill occurred in the Gulf of Mexico five years ago. The fire burned for 36 hours while hydrocarbons leaked into the gulf before the well was sealed, unfortunately eleven individuals died. It has been difficult for BP to be the best company right now since this falling and they have been in reparation mode since this catastrophe. However, BP is now incorporating high safety and showed everyone that they are very reliable on the recovery of this hardship of BP trying to mix oil with water. BP came together to control the situation, cleanup, and diminish as much contamination as possible into the gulf. In addition, they are devoted long term to improve the Gulf of Mexico’s bionetwork and promise to be more careful so this will not happen again.

However, there was no release of the strategy being used in action, nor proof of the action being taken by management (Kistner, 2011). The strategy they finally decided on evolved. The strategy for crisis management failed because they failed to respond immediately; therefore, lacking strategic control. BP corporation should have acknowledged, responded, and took responsibility in resolving the issue. First, BP used social media to interact with everyone; the stakeholders, journalists and public viewers (Collins et al., 2010). Pictures were released of the process of cleaning, the leakage impact, and the pipes that burst. BP acknowledging the issue, and exposing everyone to it first hand was a great component of their strategy; therefore, BP used both positive and negative messages, in their crisis communications. This symbolizes ownership of blame and also did not attempt to hide anything from the public. It was a smart decision to administer information and pictures via social media. BP also had some of their workers help to clean up the oil spill. I was a little confused about them not wearing masks and

According to The Times-Picayune, “The lawsuit alleges that safety and operating regulations were violated in the period leading up to April 20.” The lawsuit states that BP failed to keep the Macondo well under control during that period and failed to use the best available and safest drilling technology to monitor the well's conditions. The lawsuit also stated that BP failed to maintain continuous surveillance and maintain its equipment which would have been used to ensure the safety and protection of personnel, equipment, natural resources and the environment. This option has applied the Utilitarian Benefits, the US Government is going to ensure that the greatest benefits for the largest number of people is applied, which in the case is the all the people directly affected by the oil spill. These people are the people who work for the fishing and seafood industries, the tourism industry, restaurants and clubs will be affected by the spill. Also, equally vested are the people who are property owners, renters, and vacationers.

BP oil spill disaster is considered as one of the largest disasters of its magnitude in the US history and thus, one of the largest man-made disasters with huge negative impact on the environment. On 20th April 2010, here was an explosion on the Deep-water Horizon drilling rig, which led to the complete sinking of the offshore rig as well as oil spill that continued for 87 days. Methane gas in the well expanded to the riser and eventually, to the rig. High-pressured gas got inflamed and led to explosion. Two days later, Deep-water Horizon sank in the water completely.

They even went as far as setting up a $100 million fund to ensure that future research is conducted to understand and improve our knowledge of the Gulf of Mexico. In addition, acknowledged their social responsibility for the accident and continued effort to clean up any residual oil that may occur later on down the road. Companies can learn a lot from BP and the swift action it took in trying to rectify this issue. They were honest about the mistake, proactive in finding a solution, and the cleanup process. However, want sets them apart is their continued effort to make sure that the Gulf Coast recovers from the oil spill and a sign of a company that has learned from their

This could be simply explained by their stock price dropping on April 20,2010 to June 25,2010 from $59.48 to $27. Relative to their stock prices dropping, their impact on corporate social responsibility increased. Besides taking part in the restoration after the oil spill, in 2010 BP promised to reduce greenhouse missions by 10 percent and reach this target nine years ahead of schedule... BP achieved $650 million in cost savings. (Vogel, 2005) In their 2014 sustainability report, they have stated that scientists from BP studied wildlife in order to be informed on how the oil spill could have effected them. BP has also agreed to 54 different restoration projects which include: “restore and enhance wildlife, habits and the services provided by those habitats, as well as to provide additional access for fishing, boating and other related recreation uses.” The corporation also promise to pay out $500 million dollars over the period of 10 years for the the research conducted by the Gulf of Mexico Research Institute. After cleaning the spill, they promised to clean up any remainder oil that might arise. If BP was equally focused on social responsibility and profits the event of 2010 could have been avoided. In the eye on the consumer, their CSR appeared to be more of a cloak then truth. As Milton Friedman would agree, “in practice the doctrine of

The communities in the Gulf of Mexico should’ve been the primary concerns for BP. This spill threatened the livelihoods of thousands of fishermen and led to less traffic for hotel owners in the southeast with tar balls washing up on beaches. In addition BP should’ve been concerned the overall reception from the United States. Many people were turned off from buying BP strictly by how they handled the Gulf Oil Spill. Lastly, BP should be less concerned with their pending lawsuits. They can remain optimistic that many people will apply for compensation rather than go to court. BP’s shareholders are another less important concern. BP canceled the company divided to pledge $20 billion in aid to those affected by the spill.

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 followed

On April 20, 2010, an explosion occurred aboard BP contracted Transocean Ltd Deepwater Horizon oil rig stationed in the Gulf of Mexico. Eleven workers were killed instantly. Unfortunately, the BP management did not wake up that morning (or countless mornings before) expecting the event to occur for it took them almost 4 months to clean up the spill. The first month was spent forecasting the rate of the spill and having President Barack Obama tour the site. Only on May 26, 2010 did BP initiate the first form of clean up procedure known as "top kill". Needless to say, this attempt failed. Thus, well over into the second month after the incident, oil remained leaking and BP had not yet figured out how to contain it. Finally on July 10, 2010 BP removed a timeworn containment cap from the well to install a new one. At last, on July 15, the oil stopped flowing freely. Noting that it took BP over 4 months to replace a timeworn containment cap just to stop oil from contaminating the Gulf of Mexico, it is readily questioned why such a well-established mega giant never considered the chance of having a blast at an operating site. On the bright side, due to this incident and similar others, numerous organizations have been formulating and establishing emergency or disaster plans and policies to respond to a variety of disaster scenarios. Thus, suggesting that contingency planning is imperative for an organization in the long run in order to avoid massive instant loss since there

In its Annual General Meeting in 2011, BP faced protests against BP’s executive’s remunerations and voiced their injustice (Webb & McVeigh, 2011). Facebook pages such as “Boycott BP” and RIP Spongebob, who died in an oil spill cause of BP” have been set up by activists, and have garnered 847,730 and 468,157 likes respectively (Jarvis, 2010). Hence, the impacts on these stakeholders have varying degrees, but are nonetheless affected one way or another by BP’s mistake.

On April 20, the explosion on the Deepwater Horizon drilling rig in the Gulf of Mexico led to the largest accidental release of oil into marine waters in history. As a result, a huge loss of money and life was caused and affected serious environmental damage to wild animals and water pollution. BP was accused of their irresponsibility that it took 87 days before the well was closed and sealed. BP’s shares