Essays on Oil Exploration

Abstract

The current discussion is aimed at the dissection of ethics, corporate social responsibility and sustainability of British Petroleum (BP) by taking the case of Gulf of Mexico Oil Spill in to consideration. By commencing the discussion with an overview of the externalities present in the oil industry, the pressures on oil companies are examined which is further evaluated through the application of stakeholder theory and the theory of utilitarianism. In the case of BP, it is revealed that the resort to CSR was primarily a reactive measure to correct its tainted brand image and save it from reputational risks. ...

Abstract

Environmental pollution is among the hotly debated topics in the field of environmental studies. Contamination of this kind ranges from that of water, soil, and air. Industrialization and large organizations have been reported to be the primary sources of pollution across the world. Chevron, a leading multinational energy corporation, has in the recent past been accused and charged for heavy soil and water contamination through oil spills. Such environmental pollution has substantial consequences on the human health, safety, and well being. Van Duzer et al. (2015) assert that one of the most affected nations through the company’s activities ...

How Oil Discovery Changed the Society of Gulf States

Introduction Gulf state is the name given to the six Arabian states within the Persian Gulf. The states within the Persian Gulf include Bahrain, Kuwait, Oman, Iraq, Qatar, United Arabs Emirates and Saudi Arabia (Vitalis 2004, p. 162). All these countries form the Gulf State except Iraq. Prior to the discovery of oil in the middle east, Saudi Arabia as well as other Gulf states were the countries with the lowest socioeconomic and political development in the whole world. With the climate condition in those area, they could do very little in the field of agriculture. However, after around ...