BP CASE ANALYSIS OF THE GULF OF MEXICO OIL SPILL The world witnessed the largest oil spill in its history in April 2010 in the Gulf of Mexico. The explosion occurred in an oil well of British Petroleum and it is estimated that almost 4.9 billion barrels of oil was leaked to the Atlantic Ocean during the first three months since the incident. The oil spill had devastating effects of the economy and environment of America and the company had to face severe criticism from across the world community
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Business and Society Introduction The Anglo-Persian Oil Company which is now known as British Petroleum (BP) was founded in 1909 and is one of the world’s leading international gas and oil companies. The multinational British company’s headquarters is located in London, United Kingdom and is one of the five largest oil companies in the world. The pioneer of the Middle Eastern oil industry, BP discovered oil in Iran before World War I and eventually became involved in all aspects of the oil industry
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BP Case and The Gulf of Mexico Jorge Salazar Hawaii Pacific University MGMT 6000 September 23, 2015 BP Case and The Gulf of Mexico Introduction The BP case concerning the Gulf of Mexico dealt with the second largest company in the world at that time (2010), it was founded in 1908 and it had more than 92,000 employees. Deepwater Horizon had two main components, owned and operated by offshore oil drilling company (Transocean) and it was leased by BP Oil Company. The BP oil spill occurred
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budgetary challenges inside the Uk framework, have made the business sector troublesome for the Uk shopper. Worldwide concerns encompassing the earth have urged oil organizations to wind up additional responsible, accompanying the Bp Deepwater Horizon oil slick in 2010. An ascent in "green" autos is additionally evacuating potential custom, yet the need of fuel for numerous suburbanites and parts of general society has constantly guaranteed that the business looks after a decent footing in the forecourt
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On April 20, 2010 there was an explosion in the Deepwater Horizon oil rig in the Gulf of Mexico which caused the rig to sink and the death of 11 people. The explosion also broke a BP oil pipe which leaked oil and gas into the water about 42 miles off the coast of Louisiana. The pipe was about 5000 feet bellow the ocean’s surface and leaked an estimated 4.9 million barrels (about 200 gallons) into the water; this was the largest accidental oil spill that has ever occurred. The oil quickly spread;
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1. Introduction The company, BP is the third-largest energy company where produces approximately 3.8 million barrels of oil and gas per day and possesses 22,400 service stations over the world. However, the oil disaster called as BP oil spill or the deep water horizon oil spill was occurred on April 20th, 2010 in the Gulf of Mexico recording the greatest oil spill compared to other oil spill accidents in our history. The Deepwater Horizon oil rig explosion caused deaths of 11 workers, 17 workers
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Working Paper The BP Oil Spill as a Cultural Anomaly? Institutional Context, Conflict and Change Andrew J. Hoffman Stephen M. Ross School of Business University of Michigan P. Devereaux Jennings University of Alberta Ross School of Business Working Paper Working Paper No. 1151 October 2010 This work cannot be used without the author's permission. This paper can be downloaded without charge from the Social Sciences Research Network Electronic Paper Collection:
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companies can positively affect the economy and the United State’s welfare. In comparing both sides of the argument I will look at the past and current oil companies to determine if they acted morally in their everyday business practice. At this post-BP disaster era, the United States is questioning whether we should continue to drill and expand our drilling. I will utilize the consequentialist theory to determine what would be the best next step for the U.S. to take. Using the current information gathered
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recommendations of BP After oil spill disaster in USA Table of content: Introduction 3 Executive Summary 3 Approaches 3 Background of BP 3 BP in USA 3 PESTEL analysis of BP in USA 4 Political Environment 4 Economic Environment 5 Socio-cultural Environment 6 Technological Environment 7 Legal Environment 7 Environmental Analysis 8 Summary 8 SWOT Analysis of BP 8
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platforms and drilling rings. These oil spills, can very well damage the environment and therefore causing many consequences to different groups of animals and pollute the area where the dumping took place. Deepwater Horizon spill (MBR) This devastating event began the 20 of April 2010 in the Gulf of Mexico. it took away with it eleven lives and injuring seventeen more it is considered the largest oil spill ever in the history of the petroleum industry. For about 87 days there was a sea-floor
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