DEEPWATER HORIZON CATASTROPHE Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig. The Deepwater Horizon oil spill (also referred to as the BP oil spill, the Gulf of Mexico oil spill or the Macondo blowout) is a massive ongoing oil spill in the Gulf of Mexico, now considered the largest offshore spill in U.S. history. Some estimates placed it by late May or early June as among the largest oil spills in the world with tens of millions of
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BP Leadership Group Four MGMT 620 – High Performance Leadership 2/5/2012 Chadron State College Abstract The purpose of this analysis is to focus on British Petroleum (BP) leadership as it relates to the 2010 Gulf oil spill and cleanup. One would think that a large corporation like BP would be penalized greatly from an oil spill of the magnitude. Once the announcement was made of the spill, BP leadership was quick to shirk responsibility and circumvent its
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explosion occurred in the Gulf of Mexico in April of 2010. There were 126 people on the rig. Eleven workers were killed, and there were 17 major injuries. In addition, there were close to five million barrels of oil that ended up in the Gulf within the next three months. Tourism and wildlife in the area suffered greatly. In addition, BP took a great public relations hit. The authors indicated that there were many issues that contributed to the disaster. The crew was drilling in extremely deep waters
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| 1. Based on the history of the company, why did BP get involved in so much questionable conduct? BP's history extends back to 1901 when William D'Arcy's Anglo-Persian Oil Company first drilled for oil in Persia and after seven years of drilling and darcy's nearly spent his net worth finally oil spewed out and became rich. Unfortunately later at 1914 BP was on the verge of bankruptcy due to the very low demand of oil in global market. Accordingly ,BP's Board strategy focused for decades
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1. Introduction This report will identify a crisis facing BP company, the Gulf of Mexico spill, and investigate how the organization response to the society. In this report, it will use Legitimacy theory to explain BP’s response to this event. Legitimacy theory can be treated as a explanation for voluntary corporate disclosures in annual report. As (Dowling&Pfeffer, 1975) says a corporation must act in congruence with norms and society value. First of all, Legitimacy theory is based on the
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BP OIL SPILL Under the Deepwater Horizon, an offshore drilling ring of British Petroleum (BP) caused an oil spill in the Gulf of Mexico. The incident occurred on April 20th 2010, where equipment failed and caused the explosion sinking the ring, and causing the death of 11 workers and more than 17 workers injured. The British based energy company also faced other problems at the site of the oil spill. More than 40 million gallons (estimated data) of oil spewed into the Gulf of Mexico. Oil spill
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given tight supplies--but it's also above the pre-recession peak of 87 million barrels notched in 2008.” (Birger, 2012) There is also major concern about oil spills, especially since the 2010 BP Deepwater Horizon explosion and oil spill in the Gulf of Mexico, and one of the worst oil spill disasters of all times – the Exxon Valdez oil tanker spill in 1989. My concern is for the safely of the rig workers: their health, job safely, and living conditions; the local inhabitants of the frozen north:
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Sustainability Review 2011 bp.com/sustainability Building a stronger, safer BP What’s inside 2011 was a year of recovery, consolidation and change for BP. Our employees worked hard to make BP a stronger, safer company. We recognize there is more to do, but we believe important progress was achieved during the year, and we are clear on our priorities and responsibilities as we move forward. In this Sustainability Review, we look at how we are working to enhance safety and risk
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Alumina and BP Introduction Running a business does not come without the existence of liability risk and legal issues. The question posed is what are the liability risks that could lead to legal issues and how will such issues be handled. When legal issues are present in the business sector due to liability issues, more likely than not, others are affected both directly and indirectly by the situation. How the situations are resolved depends upon those involved and the complaint. BP and Alumina
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The Deepwater Horizon oil spill is an oil spill that occurred in the Gulf of Mexico during three months between April and July 2010.According to the New York Times, it is the largest accidental marine oil spill in the history of the petroleum industry. Indeed, the explosion killed 11 men working on the platform, injured 17 others and had released about 5 million barrel of crude oil. It also caused a lot of economic and ecologic damages. Let’s firstly talk about the ecologic consequences. According
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