Introduction
British Petroleum (BP) was originated in 1866 and is one of the main providers of oil and gasoline in the world, and the single largest in North America. The company functions in 28 countries worldwide, refining an average 2,352 barrels of oil per day.
During the years, BP has had major occurrences in which their workers have been hurt or even not survived, triggering tremendous damage to the environment too. Primarily accidents started to happen during March 2005, when Texas City refinery experienced a chain of explosions slaying 15 and injuring 170 individuals. Another happening occurred during 2010 in form of an oil spill as some parts that the company was using on the oil rig, failed. The spill took 87 days, releasing 4.9 million barrels of oil into the Gulf of Mexico. This leak had a huge effect on the area’s wildlife. Numerous animals killed and their homes ruined.
According to the individualistic business theory which highlighted that a company’s only obligation is to generate revenue. And for that it can do whatever it takes to make an income, keeping themselves within the legal restrictions. For this case, BP claimed that there is nothing unethical as the mishap was due to mechanical failure. A specific part, failed to use the reservoir which contain hydrocarbons and it eventually led to the explosions. If the workers knew the situation and did not respond to fix it, it would be considered unethical behavior. But since they had no
BP PLC (formerly British Petroleum) is a British multinational organization engaged in the exploration and production of energy resources for the general and corporate users. Its major business operations include the refining and promotion of chemicals and power generation resources. It is also specialized in energy production through wind power and bio-fuel technology. BP is the third largest energy production company in the world and the fourth largest company in the overall world market. BP operates in more than 90 countries with almost 22,000 service stations. The company has the largest business setup in the United States where it is one of the top market leaders in the energy production industry.
BP (British Petroleum) is one of the largest petroleum industry company supplying oil and gas around the world. The business has employed more than 85,700 employees globally, and aims to create value for shareholders by helping to meet growing demand for energy in a responsible
BP, a leader in deep water oil drilling efforts, triggered the worst environmental disaster in America’s history, when on April 20, 2010 a gas release and subsequent explosion occurred on the Deepwater Horizon oil rig. The oilrig, which BP was leasing from Transocean, a Swiss company, was operating on the Macondo exploration well, which is located roughly 50 miles southeast of the Louisiana coast in the Gulf of Mexico. The explosion killed 11 workers, and injured 17 others, and dumped an estimated 205 million gallons of oil into the Gulf of Mexico.
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.
BP is one of the largest company producers in both oil and natural gas in the United States, venturing on exploration and discovery, Deepwater drilling and gas supply chains. On April 20, 2010, 11 men lost their lives after an explosion in the semi-submersible drilling on the Deepwater Horizon oil rig working on the Macondo exploration well for BP in the Gulf of Mexico. The well blowout and subsequent oil spill pumped 3.2 million barrels in the Gulf of Mexico the biggest marine disaster in US history. The fire burned for 36 hours before the rig sank, and the hydrocarbons leaked into the Gulf of Mexico before the well was closed and sealed. After the explosion and sinking of the Deepwater Horizon oil rig, a sea-floor oil gusher flowed for 87 days, until it was capped on July 15th 2010.
The BP Oil Spill which happened on April 20, 2010, was the largest offshore oil spill in U.S. history releasing approximately 185 million gallons of crude oil into the gulf. This event was the result of a wellhead on the Deepwater Horizon oil drilling platform blowing out in the Gulf of Mexico approximately 40 miles southeast offs the Louisiana coastline. Eleven men working on the oil rig platform were killed and 17 others were injured. People livelihood and the environment were devastated by this event.
Prior to this incident BP had major industrial accidents that killed employees and/or spilled oil in the environment. Reports suggesting that the top management of BP gave importance to operating cost cutting measures over safety and risk evasion. This ultimately lead to such catastrophic incident. (Bryant, M. and Hunter, T., 2010)
The incident of offshore oil rig explosion in marine environment at Macondo well at Gulf of Mexico leading by British Petroleum(BP), becoming the largest accidental marine oil spill in oil explosion history.Transocean Ltd. and Halliburton are the world's largest offshore drilling contractors and working with the British Petroleum at Macondo well.“The Deepwater Horizon (DWH), an oil rig working for BP on the Macondo exploration well in the Gulf of Mexico, experienced a gas leak while closing out the well and subsequently exploded on the evening of April 20, 2010, killing eleven men and injuring many others” (Petroli, 2014). The New York Times reported that the loss of life and entire oil rig at the Macondo site in 2010 were the result of poor risk management, failure to observe and respond to critical indicators, last-minute changes to plans, inadequate well control response and insufficient emergency bridge response training by operating companies and individuals responsible for drilling at the operation of the Deepwater Horizon. According to the BP this accident involved a well integrity failure, which lead to loss of hydrostatic control of the well. it was followed by a failure to control the flow from the well with the blowout preventer (BOP) equipment, which allowed the release and subsequent ignition of hydrocarbons. Ultimately, the BOP emergency functions failed to seal the well after the initial
BP is a company that delivers energy products and services to people around the world. BP supplies people with oil and natural gases. They also focus on the marketing of fuels. BP also provides energy for heat and light in households. They operate in more than 70 countries and have 79,800 employees’.
British Petroleum(BP) had a massive oil spill on April 20, 2010. In the BP Oil Spill, more than 200 million gallons of oil was spilled into the Gulf of Mexico for a total of eightyseven days, making it the biggest oil spill in United States history. The initial oil rig explosion killed eleven people and injured seventeen others(“11 Facts”). The spill killed hundreds of animal, plant life and destroyed the environment. BP was penalized up to $40 billion in fines. Stricter regulation on all forms of oil drilling are necessary to protect everyone and everything involved, especially the environment.
BP was founded in 1908 under the name Anglo-Persian Oil Company. They changed their name to British Petroleum in 1954 and merged with Amoco in 1998. (BP Public Website, 2010) “The Texas City Refinery is BP’s largest and most complex oil refinery... It was owned and operated by Amoco prior to the merger of BP and Amoco.” (Michael P. Broadribb, 2006) Throughout their history, there have been a number of accidents that have been caused by negligence and disregard of safety precautions. Unfortunately many lives have been cut short or seriously injured as a result. My research will focus on the 2005 Texas City Oil Refinery Explosion. I will attempt to look into the ethical implications that surrounded this disaster before and
The BP Oil spill pumped almost 200 million gallons of crude oil into the gulf of mexico, for approximately 87 days. This became the largest and most devastating oil spill in the United States. The coastlines of Texas, Alabama, Florida, MIssissippi and Louisiana were drastically effected by this horrible oil spill. In the end the BP oil spill negativity impacted more than 16,000 miles of coastline. Even today, oil is appearing on shores, and created horrible damage to living organisms in the area and around the area. The British Petroleum Oil Spill effected the ecosystem, human health and created many jobs in the effort to clean up the disaster.
British Petroleum (BP) has been operating in the United States for decades. They have required most of their refineries through acquisitions in the med the 1900’s, which helped them to become one of the leading oil producers in the world. The acquisition of the Prudhoe Bay, Alaska refineries produces more than five percent of America’s oil. Therefore, it guaranteed BP’s economic goals by continuing producing oil in the United States. However as soon as 2001 through investigations, BP started having severe safety issues, in addition to this, by 2005 started a chain of unethical operational and maintenance safety hazards that lead to deaths, injuries, environment and ecosystem disaster in Texas, Alaska, and in the Gulf of Mexico. In early 2006 over 265,000 gallons of oil leak was one of the most dangerous pipeline leaks in history. This paper will discuss the case of BP’s unethical sadistic negligent and environmental behaviors that lead to billions of dollars in fines for failure to act and operate in accordance to the safety laws.
The image as well as the operational business reputation of a corporation is critical to the survivability of the corporation in today’s business world. This reputation is even more critical when a business has is known globally with holdings and operations around the world. Such is the case with British Petroleum (BP) as it actively explores for oil in 26 countries around the world. BP is renowned as an industry leader in oil production and the refinement of oil related products such as gasoline, kerosene and motor oil products. In 1999, BP acquired American Oil Company, also
British petroleum (BP) is one of the seven super major oil company in the world. BP are the fourth largest gas and oil company in the world. BP has a hand in every aspect of the oil business from exploring for new oil to marketing and distribution. BP originally started as the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company. The Burmah Oil Company. Would capitalize on discoveries they made in Iran and the middle east. The company would take its current name as British a petroleum in 1954. The company slowly started to expand from their roots in the middle east. BP chose to expand to Alaska in 1965. BP would continue their expansion in America when the gain the majority control of Standard Oil of Ohio in 1978. Also during the time BP would continue their ongoing exploration for new sources of oil. They became the first company to strike oil in the North Sea. The British government gradually privatized Standard Oil of Ohio for 1978-1987. In the last half of the 20th and the beginning of the 21st century BP took two major steps to expand their company. BP first major expansion occurred when they partnered with Amoco during this time they also acquired and absorbed Burmah Castrol in 2000. Also for 2003 to 2013 BP had a joint partnership with the oil company TNK of Russia. BP tireless effort towards expansion have made them highly successful and one of the top four oil and gas companies in the world. BP turned a profit of 6.48 billon U.S.