Bp essay. Essay About: Legal Issues And Bp Oil Spill 2022-11-06
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BP, also known as British Petroleum, is a multinational oil and gas company with a long and complex history. Founded in 1909 as the Anglo-Persian Oil Company, BP has grown to become one of the largest and most influential energy companies in the world. With operations in more than 70 countries, BP is a global leader in the exploration, production, refining, and marketing of oil and gas.
Throughout its history, BP has faced numerous challenges and controversies. One of the most significant was the Deepwater Horizon oil spill, which occurred in 2010 when a BP-operated oil rig in the Gulf of Mexico experienced a catastrophic explosion. The resulting oil spill was one of the worst environmental disasters in history, and it had a significant impact on the people and ecosystems of the region. BP faced intense criticism and legal action over its handling of the disaster, and it eventually agreed to pay billions of dollars in fines and compensation.
Another major controversy that has surrounded BP is its impact on the environment and climate change. As a major fossil fuel company, BP has been criticized for its contribution to greenhouse gas emissions, which are a major contributor to global warming. In response to this criticism, BP has made efforts to reduce its environmental impact and has set goals to become a low-carbon company. These efforts have included investing in renewable energy sources such as wind and solar power, as well as developing new technologies to reduce emissions from its fossil fuel operations.
Despite these controversies, BP has remained a major player in the global energy industry. It is known for its innovative technologies and strong commitment to safety and sustainability. As the world continues to face challenges related to energy security and climate change, BP will undoubtedly continue to play a significant role in shaping the future of the energy industry.
Essay on British Petroleum Company (BP)
Operating in turbulent and dynamic industrial sector, BP has always had to adequately react to the environmental changes and adjust their marketing strategy Bamberg, 2009:49. Exxon Mobil Corporation is an American multinational oil and gas corporation headquartered in Irving, Texas, United States. BP is one of the world's leading international oil and gas companies. These are really essential markets to the economy, and rebuilding them is crucial. BP is the wells owner, Transocean owns the rig, and Halliburton provides oil rig services. These reports will be considerably more trustworthy than verbal affirmation of the quality check of the parts. Throughout the following months, the company attempted to keep everyone from stockholders to environmental activists updated with their cleanup efforts.
Coal, solar power, biofuels, nuclear power, hydro-electricity, and power generated by wind are the recommended substitutes of oil by environmentalists. It is the sixth-biggest vitality organization by business capitalization the fifth-biggest organization on the planet measured by 2012 incomes, and the sixth-biggest oil and gas organization measured by 2012 production. It is the third-largest energy company and fourth-largest company in the world measured by 2011 revenues and is one of the six oil and gas "supermajors". The History of the British Petroleum Company. They range from environmental issue to economic, ecological, ethical, politics and policies.
An uncountable number of fish and marine life destroyed for years to come. Both BP and Amoco brands remained in use for a time, as both service stations and branded gasoline, Amoco-branded gasoline having consistently ranked highest in customer satisfaction for years. The Anglo-Persian Oil Company was formed in 1909 to take over and finance an oil-field concession granted in 1901 by the Iranian government to an English investor, William Knox Essay On The Bp Oil Spill gushed into the Gulf of Mexico, destroying beaches and wildlife. The biological component of this theory examines aspects of biology that influence health. With the assets that remained they wanted to figure out a way to make them grow faster than those of competitors Guyan.
The origins of Imperial Tobacco Ltd can be traced back to 1901, when many British tobacco companies merged to fight the threat of American tobacco to the UK market Whaling Evolution 1600 Words 7 Pages Oil is the fuel that makes the world turn, powering nearly everything in history from candles and lamps, to modern day vehicles and factories. The immediate and lasting effects of the BP oil spill having caused numerous issues both physically and emotionally. Threat of substitutes The profitability of any business is affected by the substitutes present. At first I would like to provide more information about the crisis and its consequences, then I will identify the kind of crisis we have to deal with, I will discuss the several communication strategies BP have used, I will explain the different reactions of the public on the crisis. BP were in violation of the Pollution Act of 1990, and the Endangered Species Act.
Essay About: Leadership Behavior Of Tony Hayward And Bp Deepwater Horizon Oil Spill
New terms were negotiated slowly, complicated by the global economic destabilization of the Great Depression. However, the colossal oil spill had other victims. BP is active in the fields of exploration, Bp Amoco 9-201-054 REV : M A Y 4, 2010 B ENJA M IN E ST Y M ICHA EL K A NE BP Amoco A : Policy Statement on the Use of Project Finance As two of the largest oil and gas firms in the world, The British Petroleum Company p. BP originally started as the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company. Today they have since gone beyond the above quoted amounts of 2007. And finally, the Coast Guard inspects vessels for seaworthiness and licenses crew members to work on rigs.
In 1969, BP discovered major oil deposits in Prudhoe Bay on the North Slope of Alaska. It is the third largest energy company and the fourth largest company in the world. Provide customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. However, substantial capital investment is required to make the switch from oil to its aforementioned substitutes Raut et al. For a good leader, it is vital to have a vision, which delivers a correct orientation of the companys development to the employees.
These activities comprise oil fields extraction of crude oil and natural gas and inbound logistics. Follow the rules and bound. Objectives and milestones for each individual are set in accordance with the team plan. Northouse 2010 defines the concept of leadership as a process whereby an individual influences a group of individuals to achieve a common goal. Therefore, industrial rivalry is very high.
In supporting its employees, BP invests in systems, data and core processes like governance, policy and compliance, so as to enable its human resource to respond quickly and effectively to the fast changing energy industry. These are just a few of the characteristics Simon possessed in addition to being a good communicator and being able to inspire trust. Bamberg, The History of the British Petroleum Company, vol. According to a study by NRDC, the BP oil spill killed more than 1,000 sea turtles, and left more than 2,000 stranded, compared to an average 240 stranded annually. Accordingly, it could be contended that BP ought to: embrace more hazardous systems that bring about higher returns; cut security expenses; and adventure little minorities.
Above all, the company did not care the safety compare with the profit. It was caused by an explosion on the Deepwater Horizon offshore oil platform about 50 miles southeast of the Mississippi River delta on April 20, 2010 Cleveland 2010. It is one of the six oil and gas super majors. In this paper, legal issues and principles involving the BP spill, and the Alumina simulation will be examined. Also, the Company has established distribution channels that are dissimilar to those found in the oil industry, such as transport trucks and pipelines of oil. Although Simon did great things for BP, his approach was not without flaw. For several years shell has faced reputation problem, mostly form environmental campaigners Benady Alex 2015.
One of Simons greatest advantages was that he was a leader not just a manager. As BP is ever expanding, it requires qualified and skilful workers for its various projects around the world. On 20th April, 2010 as the team onboard Deepwater Horizon was preparing to temporarily leave the well it had drilled some 70 kilometers from the US coast. Many are puzzled by how the production of cyclohexane seems to have become stagnant. Generally BP has a large market share and has always had the potential to grow- thanks to other strategies, such as Acquisitions, Franchising and licensing.
