British Petroleum Deepwater Horizon

2021 ◽  
Vol 2 (Fall/Winter) ◽  
pp. 1-15
Author(s):  
Daniel Valle

This paper analyzes the gradual transition of British Petroleum (BP), one of the world's largest oil and gas companies, into a renewable energy company focused on sustainability and the reduction of carbon emissions. BP's leadership and ethical practices are compared before and after the 2010 Deepwater Horizon disaster. The purpose of the comparison and the broader analysis of the transition is to identify how effective leadership can be used to transform a company with a suspect social responsibility record into a leader among its peers. Lessons learned from the disaster, and the subsequent transition conclude the research.


2019 ◽  
Vol 3 (1) ◽  
pp. 1-7
Author(s):  
Gregory D. Bothun

The initial estimate of the flow rate of now liberated crude oil following the explosion and sinking of the Deepwater Horizon oil platform turned out to be a factor of 50 times lower than the physical reality. This initial estimate, provided by the corporate owner of the oil platform, British Petroleum (BP), was a leak rate of 1,000 barrels per day (bpd). This number was not based on any scientific approach and was never put into context, for the media or the public, of whether this was a big or small number (i.e., how many bpd is equivalent to filling a bathtub for 24 h) and was simply accepted as the physical reality. As a consequence, the initial response to the disaster would plan for a scope that was much smaller than what ultimately unfolded. Furthermore, since 1,000 bpd turns out to be a small number, the initial strategy was based on the belief that the leak could be patched and therefore a fix was manageable. Here we show that (a) simple physical reasoning at the time of the occurrence would have lead to initial estimates that were close to the final estimate (determined 2 months after the initial incident) of about 50,000 bpd; (b) there was an unnecessarily slow time evolution to involve the scientific community to gather relevant data that would vastly improve the estimate and; (c) this slow evolution in unmasking the physical reality of the situation prevented a more robust governmental response to the problem. Even though the government, through National Oceanic and Atmospheric Administration (NOAA), revised the leak rate to 5,000 bpd one week after the disaster, another month would elapse before it was officially recognized that the leak rate was essentially 10 times higher.


Author(s):  
Verdinand Robertua ◽  
Immanuel Josua H. Silitonga

The Deepwater Horizon Oil-Spill is the most disastrous environmental pollution event in America's history. The film Deepwater Horizon, which takes the title exactly matches the name of the incident, explains the backgrounds of the catastrophe. This film shows that the accident occurred due to the negligence of British Petroleum as a company that manages the Deepwater Horizon rig. To reveal the role of the film in United States environmental diplomacy, the researcher will use the Deepwater Horizon film as a case study and the concept of environmental diplomacy as a unit and research analysis tool. This study uses qualitative research methods with data collection techniques, such as literature surveys and observations. This research argues that media is an essential component that plays a role in environmental diplomacy.


2013 ◽  
Vol 103 (7) ◽  
pp. 1198-1206 ◽  
Author(s):  
Amelia L. Greiner ◽  
Lisa P. Lagasse ◽  
Roni A. Neff ◽  
David C. Love ◽  
Rachel Chase ◽  
...  

2021 ◽  
Vol 22 (2) ◽  
pp. 126-140
Author(s):  
Verdinand Robertua ◽  
Angel Damayanti

Maritime security still focuses on the territorial sovereignty of a country. Environmental disasters and transboundary humanitarian crimes that occur at sea are a challenge for International Relations academics to reformulate maritime security. British Petroleum (BP) is negligent in implementing safety standards in oil exploration and exploitation in the Gulf of Mexico, United States resulting in oil leakage on the Deepwater Horizon platform. This research uses the Deepwater Horizon case study in exploring the relevance of maritime security in the prevention and management of marine pollution disasters. Primary data sources were taken from observations of researchers in seminars related to the Deepwater Horizon and secondary data were obtained from journals, electronic news and official reports from the US Government. There are two findings obtained. First, contemporary maritime security is much more complex than traditional maritime security and second, contemporary maritime security involves an element of justice seeking as demonstrated by the United States Court's decision against BP regarding negligence in the Deepwater Horizon.   Keywords: Maritime Security, United States of America, Deepwater Horizon, British Petroleum


Author(s):  
Verdinand Robertua ◽  
Immanuel Josua H. Silitonga

The Deepwater Horizon Oil-Spill is the most disastrous environmental pollution event in America's history. The film Deepwater Horizon, which takes the title exactly matches the name of the incident, explains the backgrounds of the catastrophe. This film shows that the accident occurred due to the negligence of British Petroleum as a company that manages the Deepwater Horizon rig. To reveal the role of the film in United States environmental diplomacy, the researcher will use the Deepwater Horizon film as a case study and the concept of environmental diplomacy as a unit and research analysis tool. This study uses qualitative research methods with data collection techniques, such as literature surveys and observations. This research argues that media is an essential component that plays a role in environmental diplomacy.


2013 ◽  
Vol 2 (1) ◽  
pp. 15-22
Author(s):  
Denis O. Boudreaux ◽  
SPUma Rao ◽  
Praveen Das ◽  
Nancy Rumore

On April 20, 2010, the Deepwater Horizon Drilling Platform, a British Petroleum (BP) licensed rig, exploded. Two days later the huge rig sank to thebottom of the Gulf of Mexico triggering the United States worst offshore oilspill. By April 26, investors and themarket began realizing that the costs associated with this catastrophic eventto BP could be significant and BP shares fell by over two percent. The next day BP reported its annual earningswhich showed a huge rise in profits, due in part to much higher oil prices forthe previous year and BPs common stock price increased. However, on May 6, 2010, analysts warned that the Gulf ofMexico oil spill disaster would likely cost BP over $23 billion dollars (15bn)and its shares can be expected to lag behind those of its competitors by 5% forthe lasting future. At the same time,Tony Hayward insisted the company would "bounce back" from thesetback though he could not give a timescale for when the flow of oil would behalted. This study investigated BPsstock returns using two models to determine if their stocks experiencedabnormal returns for the period April 20, 2010 through April 5, 2011. Results show that the most significant impact of the oilspill to the stock price was over the first 34 days of the event period. This study estimates a significant negativeimpact of 38% to 41% in share value for BP during this event period.


2010 ◽  
pp. 2-3
Author(s):  
Nicola Borregaard

El gran derrame de petróleo en el Golfo de México genera una señal de alerta en los sistemas de gestión de riesgo, así como en la supervisión y fiscalización de protocolos y regulación de seguridad. Es el mismo viejo trade-off entre seguridad y costos que probablemente causó también el accidente en la mina chilena San José. El derrame del petróleo de la plataforma Deepwater Horizon, de la empresa British Petroleum, en el Golfo de México, ha costado hasta ahora más de USD 4.000 millones, incluyendo gastos de compensación por daños, rescate de flora y fauna, limpieza de ecosistema marino, costos tecnológicos para los sistemas de contención del flujo de petróleo e implementación de soluciones, y costos de coordinación de la respuesta científica. Continuar leyendo...


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