BP is a British planetary energy company which is the 3rd largest energy company and the 4th largest company in the universe. As a transnational oil company. BP is the UK’s largest corporation. with its central offices in London. BP’s central office is in Houston. Texas. The company is among the largest private sector energy corporations in the universe. and one of the six private sector oil geographic expedition. natural gas. and crude oil merchandise selling companies. Tony Hayward took over as the Chief Executive officer in May 2007 and under Tony Hayword’s leading and watch several miss-haps have happened. In August 2006. BP shut down oil operations in Prudhoe Bay. Alaska. due to corrosion in grapevines taking up to the Alaska Pipeline.

The Wellss were leaking insulating agent called Arctic battalion. dwelling of rough oil and Diesel fuel. BP had spilled over one million liters of oil in Alaska’s North Slope. 5. 000 barrels of oil were released from the grapevine. October 2006. In May 2007. the company announced another partial field shutdown owing to leaks of H2O at a separation works. Their action was interpreted as another illustration of radioactive dust from a determination to cut care of the grapevine and associated installations. On 16 October 2007 Alaska Department of Environmental Conservation functionaries reported a toxic spill of methyl alcohol at the Prudhoe Bay oil field managed by BP. About 2. 000 gallons of largely methanol. mixed with some rough oil and H2O. spilled onto a frozen tundra pool every bit good as a crushed rock tablet from a grapevine. Methanol. which is toxicant to workss and animate beings. is used to clear ice from the interiors of the Arctic-based grapevines.

There's a specialist from your university waiting to help you with that essay.
Tell us what you need to have done now!

order now

2010 Deepwater Horizon oil spill

On April 20. 2010. a semi-submersible exploratory offshore boring rig in the Gulf of Mexico exploded after a runaway and sank two yearss subsequently. killing 11 people and doing a monolithic oil spill endangering the seashore of Louisiana. Mississippi. Alabama. Texas. and Florida. The rig is owned and operated by Transocean Ltd on behalf of BP. which is the bulk proprietor of the oil field. The company originally estimated the size of the leak at about 1. 000 barrels a twenty-four hours but subsequently accepted authorities estimations of a leak of at least 5. 000 barrels per twenty-four hours. On April 30. BP stated that it would tackle all of its resources to conflict the oil spill. passing $ 7 million a twenty-four hours with its spouses to seek to incorporate the catastrophe.

BP was running the well without a distant control shut-off switch used in two other major oil-producing states. Brazil and Norway. as a last resort protection against submerged spills. The usage of such devices is non mandated by U. S. regulators. The U. S. Government gave the duty of the incident to BP and will keep it accountable for costs incurred in incorporating the state of affairs. On May 11. 2010. Congress called the executives of BP. Transocean. and Halliburton to a hearing sing the oil spill. When probed for replies sing the events taking up to the detonation. each company blamed the other. BP blamed Transocean who owned the rig. who so blamed the operators of the rig. BP. They besides blamed Halliburton. who built the well shell.

Steven Wereley. an associate professor of mechanical technology at Purdue University. analyzed videotape of the leak utilizing atom image velocimetry and estimated oil flow rates at between 56. 000 to 84. 000 barrels per twenty-four hours. or tantamount to one Exxon Valdez spill every 3. 5 to 2. 4 yearss. A 2nd. smaller leak has been estimated to be let go ofing 25. 000 barrels per twenty-four hours. proposing that the entire size of the leak may good be in surplus of 100. 000 barrels per twenty-four hours and became the largest oil spill in US history.

Environmental and safety record

BP was named by Mother Jones Magazine as one of the “ten worst corporations” in both 2001 and 2005 based on its environmental and human rights records. In 1991 BP was cited as the most polluting company in the US based on EPA toxic release informations. BP has been charged with firing contaminated gases at its Ohio refinery ( for which it was fined $ 1. 7 million ) . and in July 2000 BP paid a $ 10 million mulct to the EPA for its direction of its US refineries. Harmonizing to PIRG research. between January 1997 and March 1998. BP was responsible for 104 oil spills. BP patented the Dracone Barge to help in oil spill clean-ups across the universe.

Contributions to political runs Harmonizing to the Center for Responsive Politics. BP is the United States’ hundredth largest giver to political runs. holding contributed more than US $ 5 million since 1990. 72 % and 28 % of which went to Republican and Democratic receivers. severally. BP has lobbied to derive freedoms from U. S. corporate jurisprudence reforms. Additionally. BP paid the Podesta Group. a Washington. D. C. -based lobbying house. $ 160. 000 in the first half of 2007 to pull off its congressional and authorities dealingss. In 2009 BP used about US $ 16 million to buttonhole US Congress. interrupting the company’s old record ( from 2008 ) of US $ 10. 4 million.

Leave a Reply

Your email address will not be published. Required fields are marked *