Bp Oil Spill Business Law - 1601 Words

MISERICORDIA UNIVERSITY BP Oil Spill Business Law Evans, Rebecca 10/23/2015 This paper includes information regarding the BP Oil spill. References are listed at the bottom. Currently headquartered in London, BP is one of the largest producers of both oil and natural gas. BP provides its customers with fuel for transportation and energy for heat and light. BP’s core business is gas exploration and production division and their main sources of production include Angola, Argentina, Australia, Azerbaijan, Egypt, Trinidad, the United Arab Emirates, the United Kingdom and the United States (BP PLC (BP) Company Profile | Reuters.com. (n.d.). Retrieved October 27, 2015.). In 2013, BP produced 628,000 barrels of oil each day in the US and was the sixth largest producer of natural gas. Each day, BP sells 50 million gallons of fuel in the US consisting of 7,500 BP branded locations located in 13 states. BP is always seeking new opportunities for advancement in technology so that their operation is safer and more efficient. The company is leading the way in in the energy industry with the world’s largest supercomputer used for commercial rese arch, located in Houston and also the first to use drones in the United States. To further place themselves ahead in the industry, BP has invested over $160 million in 2 dozen companies for advancements in technology. BP currently has 17,000 employees and on average, donates approximately $30 million each year to communityShow MoreRelatedArgumentative Essay : Bp Oil Spill1558 Words   |  7 PagesArgumentative Essay: The BP Oil Spill Phillip Staton PHI 445 Personal Organizational Ethics Prof. Gloria Zuniga y Postigo February 29, 2016 Argumentative Essay: The BP Oil Spill Introduction In 2010, BP’s Deepwater Horizon rig exploded, causing millions of barrels of crude oil to be leaked out into the Gulf of Mexico. The extensive oil spill created a lot of pollution and far-reaching effects on the tourism industry. The resultant damage to marine wildlife such as fish will continue to be feltRead MoreBusiness Ethics. Bp Oil Disaster – â€Å"Deepwater Horizon Oil1214 Words   |  5 PagesBusiness Ethics BP Oil Disaster – â€Å"Deepwater Horizon Oil Spill† Thelma P. Eldridge Business Law – BUS 2301.88 Spring 2017 April 25, 2017 In today’s business world, businesses are subject to the laws of the country in which their company was organized and operates. Business owners are to conduct themselves and their affairs ethically and owe some degree of social responsibility for their actions. Ethics, although not law, is a set of moral principles or values that govern the conductRead MoreBp Deepwater Horizon Case Analysis Essay1392 Words   |  6 PagesEthical Env. of Business BP’s ethical conduct concerning the Deep Horizon blowout Background: The Deepwater Horizon oil spill or the BP oil spill refers to the oil spill in the Gulf of Mexico which flowed for three months in 2010. The spill was a result of the explosion of Deepwater Horizon, which drilled on the BP-operated Macondo Prospect. The explosion killed 11 men working on the platform and injured 17 others (Summarized from Wikipedia article on: â€Å"Deepwater Horizon oil spill† http://enRead MoreWhy Law And Ethics Should Be Legal1501 Words   |  7 PagesPeople that work with laws every day know that it isn’t an exact science. The reason is not that it has a lot of issues or that it is always affected by politics, instead the main reason is the human factor. 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This paper will detail aspects of the event from symptoms of the problem, the rootRead MoreThe Negative Effects Of Human Civilization On The Environment1623 Words   |  7 Pagescarpooling, switching to natural gases instead of coal and oil, and creating laws to reduce carbon emissions in factories and began recycling in order to find new ways to reuse old material. In many ways, the everyday people of the country are putting in their part to help the planet survive and thrive for the generations to come. It should not be an outrageous thought that the large, multimillion dollar corporations monopolizing a good portions of the oil sold in America should do the same. Yet, there haveRead MoreBp Oil Spill822 Words   |  4 PagesBP OIL SPILL Under the Deepwater Horizon, an offshore drilling ring of British Petroleum (BP) caused an oil spill in the Gulf of Mexico. The incident occurred on April 20th 2010, where equipment failed and caused the explosion sinking the ring, and causing the death of 11 workers and more than 17 workers injured. The British based energy company also faced other problems at the site of the oil spill. More than 40 million gallons (estimated data) of oil spewed into the Gulf of Mexico. Oil spillRead MoreManagement Planning Presentation Mgt 230 Essay947 Words   |  4 PagesManagement Planning Presentation Travis Williams  © BP 2006 Oil section BP Statistical Review of World Energy 2007  © BP 2007 Functions of Management Function of Management Steps: 1. Stick to a system approach the system the same way every time 2. Focus on the future with specific goals, i. e. , be specific and plan accordingly 3. All employees should be aware of the company’s goals and work together toward them. 4. Plans and goals should be as detailed as possible to avoid crisisRead MoreWhy The British Petroleum Was Responsible For The Accident1404 Words   |  6 Pages No doubt that the Deepwater Horizon oil spill was one of the worst and the largest oil in the history of the world. In the following essay we will discuss about the various aspects related to the accident and find out whether if the British Petroleum was responsible for the accident. BP or British Petroleum is the largest corporation in the United Kingdom and is an international company that operates in oil, gas and chemical industry. The company is headquartered at London. It owns various refineries