Essays on Oil Spill

1: BP’s Contributory Ethical Aspects to the Oil Spill

One of BP’s ethical violations includes the lack of implementation of the safety measures that would have prevented the occurrence of the incidences and the deaths. Some of the failures are visible through the absence of proper machinery controls like remote switching that would have enabled the crew to take charge of the situation in the rig. A majority of this mistakes stem from the fact that BP was cutting corners in its processes to ensure that it made savings on its investments while putting its employees at risk. The company also failed to adhere to environmental regulations ...

British Petroleum Deepwater Horizon disaster

Deepwater Horizon disaster is the largest marine oil spill in the history. The oil spill resulted in hazardous chemicals in the seawater and killed thousands of marine creatures. The oil spill occurred in the Gulf of Mexico region on 20 April 2010 due to Deepwater Horizon rig that was operated by Transocean and leased by British Petroleum. In response to the oil Deepwater Horizon oil spill, British Petroleum took actions to overcome the after effects of the disaster and made further changes in the code of conduct to avoid oil spills in future. Veil, Sellnow and Wickline (2013) criticize ...

Deepwater Horizon

Synopsis The Deepwater Horizon was an offshore oil rig in the Gulf of Mexico owned by Transocean, a U.S owned company that specializes in deep water drilling equipment (Ingersoll, Locke, & Reavis, 2012). The $560 million rig was operated by a crew of 126 people (Ingersoll et al., 2012) roughly 45 miles off the Louisiana coast (Mullins, 2010). On April 20, 2010, the exploratory Macondo well experienced an explosion that not only created one of the most catastrophic environmental disasters in U.S. history but killed 11 people (Barstow, Rohde & Saul, 2010). The environmental effects were devastating. It took 87 days ...

There are several laws that aimed at protecting human health and environment. The government and private parties are allowed to enforce the federal environmental laws. The government has the resources and tools required to enforce environmental laws and compels compliance with the environmental regulations and laws. Criminal and civil environmental enforcement are streamlined towards protection of environment and health. The criminal environmental enforcement seeks to punish the actions that the society view as harmful to the environment and health of people. The civil, environmental enforcement is streamlined towards individual parties who should be compensated for the harm caused by ...

Implementing Cost Cutting in the Oil Industry

Abstract In the modern day, organizations across different industries across the globe are implementing new strategies focused towards enhancing the profitability. Cost cutting is one of the major strategies adopted by companies to enhance their profitability. In the oil and gas industry companies have been pursuing different cost cutting strategies aimed at enhancing their profitability an issue that has been of primary concern. Various strategies have been proposed towards enhancing cost cutting strategies and these include automation that facilitate a throughout system, heightened regulatory measures compliance, technical support and solutions as well as maximizing modularity and replicability. These are ...

A critical Evaluation of the response to Deepwater Horizon oil spill

Introduction The oil industry plays a significant role in providing the oil used as fuel in other major industries that drive the economy. Due diligence and utmost care are among the guiding principles that regulate the industry as any problem may have adverse effects on the environment as well as human and animal life. However, due to unavoidable circumstances, the oil spillage sometimes occurs with devastating results on the seabed and the animal life that lives under the waters. The Deepwater Horizon is one of the worst accidents that happened in the oil production and processing industry. It happened ...

Leader and Management Development

Introduction Leadership forms the backbone of any organization. This is because it entails offering direction, creating a sense of purpose and defining a strategic plan for the organization. Such aspects of leadership are important in ensuring the success of an organization in the long run (Yukl, 2013). For the leadership functions mentioned above to be successfully implemented, it is critical that the individuals in leadership positions show responsibility in their day-to-day undertakings. It therefore implies that leadership development has become a primary aspect of the overall management function. Leadership development is anchored on the character and behavior of the ...

The Exxon Valdez oil spill occurred on the 24th of March 1989 in Prince William Sound in Alaska. The Exxon Valdez an oil tanker was on route to Long Beach, California when it hit the Bligh Reef in Prince William Sound. The accident caused between 11-38 million gallons of crude oil to spill into the ocean in the next few days. Response to the disaster was slow due to Prince William Sound only being reachable by boat, helicopter, or plane. The identified causes of the spill are (1) The failure of Exxon to oversee the master, along with ensuring ...

British Petroleum is a multinational corporation that was founded in 1908. It initially had its single wells in the remote parts of Persia. The company slowly grew and within eight years it became one of the largest businesses in the world. It has been broadly divided into three main subsections that include oil exploration and production; gas, power, renewables and oil refining; and marketing section. All these departments work together to ensure that the company achieves its objectives. Since 1995, the company has been in the capable hands of John Browne, who has been its CEO until his untimely ...

Introduction

Emergency management has a place in the history of not only the US but its environs as well. The period between 1900 and 2010 has seen disasters that have ranged from earthquakes, drought, and hurricanes just to mention a few of the natural disasters that have marred the country. There are those disasters that have faced the country only that this time, they were deemed to be artificial in the sense that human factors had a hand in them. These include oil spills, terrorism, and human arsonists. It is critical to note that in the earlier times when disasters ...

Introduction

Climate change is among the significant factors impacting ecological diversity on a worldwide scale. The growth of industries and the increasing human population globally have resulted in a rise in the volume of greenhouse gasses, which scientists have argued are the greatest contributors to the menace. The Florida Keys is one of the ecological treasures of the U.S. that continues to be impacted negatively by climate change and anthropogenic activities. This ecological treasure, which is located at the tip of the state of Florida, comprises about 1,700 islands that stretch for more than 200 miles to the west ...

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. ...

Introduction

The CFOs have a lot to deal with as their strategic responsibility in business continues to grow and become more complex. Owing to their extensive duties, the cash compensation of the financial officers continues to increase with each passing year so much that the officials are starting to bridge the gap between CEOs and them. The financial market appears to be more inclined towards a skill-driven workforce as compared to the traditional approach of leadership provided by the CEOs. This essay attempts to develop an understanding concerning the issue of the rising salary of CFOs by using three primary ...

The Deepwater Horizon Oil Spill occurred in the location of Gulf of Mexico on April 20th of 2010 due to an explosion which took place on the Deep Water Horizon oil rig. Transocean, the operator and owner of the oil rig, is an offshore-oil-drilling company. However, it had been leased by BP Oil Company. A natural gas caused the blasting which caused a wellhead blowout. The blowout resulted in the worst marine oil spill in the history. Despite attempts to put a temporary seal to prevent the further oil spill, the equipment malfunctioned. The oil the contamination extended spill ...

Letter of Transmittal

Richard Albert Sylvester Management Consultant Lamplighters Corporation Ottawa K I P 5B5 Phone: 613-563-1509 www.lamplightres.ca The Right Honorable Justin P.J. Trudeau

Office of the Prime Minister

80 Wellington Street

Ottawa, ON K1A 0A2

RE: Project Suitability Report on the Proposed Trans Mountain Expansion Pipeline Project Dear Right Honorable Prime Minister, It is with great pleasure and honor that I submit this report on the suitability of the proposed Trans Mountain Expansion pipeline project. The Trans Mountain Expansion pipeline project proposal by Kinder Morgan aims at increasing the current capacity of the existing Trans Mountain oil pipeline. Currently, the existing infrastructure has a capacity of 300,000 barrels per ...

Introduction

The Deepwater Horizon oil spill started in April 2010 in the Gulf of Mexico on the British Petroleum-owned Macondo Prospect. Taking after the blast and sinking of the Deepwater Horizon oil fix, an ocean depths oil gusher streamed for almost 90 days, polluting the sea water with crude oil and killing off most of the plant and animal life in that ecosystem. Current BP authorities wouldn't remark on the record for this story. Be that as it may, individuals acquainted with within BP's emergency control exertion and outside specialists say at an early stage, BP didn't have an advertising ...

Introduction

Over the course of the last few decades, global pollution has overwhelmingly been on the rise. As years go by - the humans' way of thinking evolves. Hence, the technological aspect of life keeps on advancing rapidly at the expense of contaminating our planet. Similar to other elements associated with human life, the natural environment is also undergoing a continuous change. There is the unchallengeable need of developing knowledge of the issues that characterize this change. The modern world is experiencing an increase in the natural calamities and varying weather patterns. These changes are primarily associated with the environmental ...

The role of ethics and social responsibility in developing a strategic management plan while considering stakeholders needs and agendas

Introduction Ethics are the code of conducts or the rules placed to govern certain processes. Ethics vary from place to place depending on the environment, cultural, social and religious practices among others. Ethics, therefore, dictate how people should behave in certain situations. Social responsibility, on the other hand, is what companies or firms do to show that they are concerned about the society in which the company or business is set up. An example of social responsibility is when a corporation participates in a fundraising that is conducted to help improve the lives of people living in a particular ...

British Petroleum is a company that operates in a high risk industry with many factors having an impact on the revenues. A drop of the prices on the oil market can lead to significant financial losses that will result in the cut of dividends paid out to the shareholders. BP Oil Company is known for its strategy of having dividends paid out to the shareholders on a constant and regular basis as a top priority of the corporation, but current events in the oil industry have had an influence on some managerial decisions. According to the article published in ...

Business

Executive Summary: The value of oil in spurring growth and development in world economy is undeniable. In the last 100 years, the allure for oil has increased. This development is anticipated to surge until an substitute sources are discovered. Bp is among the global and outstanding oil company of revered repute. However, its businesses practices have been compounded with environmental challenges which it needs to solve. Recent oil spill in the Gulf of Mexico highlights gives a credence why it is important for the business to implement environmental compliance policy. It is reported that around 174 million gallons spilled ...

Deepwater Horizon was an oil platform built in the Gulf of Mexico, approximately 50 miles from the Louisiana coast and the Mississippi River delta (Department of Justice). Deepwater Horizon was operated by the global petro-chemical giant British Petroleum. On April 20, 2010, the platform caught fire and exploded killing eleven workers on the platform. The explosion also significantly damaged the platform base and foundation. By April 22, the platform crumbed to the sea and sank. Consequently, the pipes the were pumping oil into the platform were severed and oil began flowing in the Gulf of Mexico. By the time ...

ISI Company

BACKGROUND Jim Willis is the VP (Marketing and Sales) for ISI, a US-based aerospace corporation. Jim is facing an ethical dilemma. According to Cox and Shawana (2008), Fred Ballard, Jim’s boss at ISI, has asked him not to disclose information on the changes in the launch dates of ISI’s satellite following an issue with the camera. Fred expects that the disclosure could have a huge negative impact on ISI’s current and future contract negotiations. The most important contract in question is an ongoing negotiation between HTC and ISI. The ultimate effect would be severe financial losses, ...

Introduction

The nationwide pipeline system in the USA has been constructed to transport the natural gas, oil, and refined petroleum products. This constitutes about 71% of the refined products and oils are being transported with about 100% natural gas of the consumption in the USA. The three sectors that are involved in the transportation of these energy products are; operators of the gas transmission pipelines, operators of hazardous liquids in the pipeline and the distributors of gas utilities. An approximate of 299,000 miles and 171,000 miles are offshore gas transmission and liquid onshore pipelines respectively. This operates in ...

A government gains its legitimacy to govern if it can ensure the general safety of all its citizens not only with respect to planned aggressions but also emergency cases. The Social Contract Theory as espoused by John S. Locke stipulates that there is always a contract between governments and the people such that while the people pay taxes and cede some of their rights to the state, the state protects them and punishes those who transgress against them. Therefore, it is incumbent upon every administration to fulfill their part of the bargain and ensure the safety of all citizens. ...