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
the Deepwater Horizon experienced an explosive blowout on a rig located in the Gulf of Mexico. The explosion was about 40 miles of the Louisiana coast. With the flow of gas leaking out, it caused the death of eleven workers on the rig. About two days later the rig sank, which caused quite a lot of damage to a pipeline that laid drawn-out through 5,000 feet of water. As a result, the oil begin pouring from the damaged pipes into the ocean nearby, at the incredible rate. The Deepwater Horizon was built
Corporate Social Responsibilities and Law Contents BP Company Info 3 Deepwater Horizon Oil Spill Event 4 Summary of the Deepwater Horizon Event 5 Stock price before and after Deepwater Horizon 7 Impact on Stakeholders 8 BP’s Oil Spills and Corporate Social Responsibility 9 Inadequate disclosure on the oil spill event 11 Recommendations for BP to get reputation back 13 Conclusion 14 BP Company Info BP is a global oil and gas company headquartered in London, United Kingdom
When Disaster Strikes: BP’s Risk Management Failure Risk is a concept that many organizations deal with on an everyday basis. In fact, risk is an integral facet of operating an organization. Risk has negative connotations, but that is a misnomer, because many organizations make use of it for positive gain. One way of looking at risk is that it is what an organization lays on the line so that they can gain something in return. Risk is not inherently bad; it is how an organization manages it that
------------------------------------------------- BP—Deepwater Horizon Case Study INT1001 Study Skills Module Reading and Writing Skills—Summative Assignment Done by: Mew Hui Ying ------------------------------------------------- Date: 12 February 2013 ------------------------------------------------- Industry: Oil and Gas ------------------------------------------------- Company: British Petrol Contents Page No
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
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
Argumentative Essay: The BP Oil Spill Phillip Staton PHI 445 Personal & Organizational Ethics Prof. Gloria Zuniga y Postigo February 29, 2016 Argumentative Essay: The BP Oil Spill Introduction In 2010, BP’s Deepwater Horizon rig exploded, causing millions of barrels of crude oil to be leaked out into the Gulf of Mexico. The extensive oil spill created a lot of pollution and far-reaching effects on the tourism industry. The resultant damage to marine wildlife such as fish will continue to be felt
Executive Summary The oil spill in the Gulf of Mexico in 2010 resulted in considerable damage to the environment, economy and human livelihoods. While BP, as one of the parties involved in the operation of the oil drilling on Deepwater Horizon rig, suffered huge financial loss and reputation loss, it was found to be the one to be mostly blamed due to its lack of risk management. As poor risk management can lead to an astonishing disaster like this, it appears to be necessary for every business to
Oil contamination is devastating for an environment. The free release of oil into the water leads to a wide range of negative consequences, such as “the spread by wind and wave” (Bai & Bai, 2014, p. 363). The oil spillage from the Deepwater Horizon platform floating on the surface was spread by wind and sun, moving over the water’s surface. As a result, the oil spread affected the environment, including the wildlife. The BP oil spill has raised serious risk management issues regarding the governance