Bp Oil Spill Case Study - 1237 Words

BP Oil Spill Case Study Brooke Campbell Lander University ere several factors that contributed to the accident: †¢ Valve Failure: The pipe was sealed in two different ways. The pipe was filled with cement and it also had two different valves to stop the flow of gas and oil. All of the valves did not operate correctly, causing the oil and gas to go up through the pipe and head towards the surface. †¢ Leak was spotted too late: The crew at the surface should have been able to see or detect that there was a flow of oil and gas that was going towards the surface by looking at different pressures that were not supposed to be there. There was a pressure increase 50 minutes before the rig exploded, but nobody realized. †¢ Absense of Gas Alarm: There should have been an alarm that sounded and should have triggered ventilation fans to prevent gas being able to get lit, but the alarm system failed to work or operate. †¢ Absense of BOP Battery: Because of the explosion, the control lines that the workers were using to try to close safety valves in the blowout preventer were destroyed. But the blowout preventer has its own safety device where two different systems should have automatically closed the valves once contact was lost with the surface. Of the two systems, one of them had a battery that did not work and the other one had a defective switch. †¢ Overwhelmed Separator: The members of the crew had the choice of pushing the mud and gas away from the rig, which would vent itShow MoreRelatedCase Study on Bp Oil Spill816 Words   |  4 PagesGROUP PROJECT- CASE STUDY | A report submitted in partial fulfillment of the course | | MODERN INVESTMENT PORTFOLIO MANAGEMENT | INSTRUCTORS: PROF. S.K. BARUA PROF. J.R. VARMAACADEMIC ASSOCIATE: MS. VAISHALI SATTAREPORT PREPARED BYGROUP 12MEENAKSHI DEOGAM M. SHYAMNIMISHA SAXENARAGHAV YADAVROHAN ANANDDATE OF SUBMISSION: 24TH AUGUST, 2010 | | Effect of BP oil spill and subsequent market reaction on the assets of pension funds andRead MoreCase Study: BP and the Gulf of Mexico Oil Spill3602 Words   |  15 Pages......................................................2 Do you agree with Tony Hayward’s quote at the end of the case? .................................................................2 Was this disaster strictly a BP failure or an industry accident?........................................................................2 What factors affect the competitive environment of the oil industry? ...........................................................2 Question 2 ...............................Read MoreBp And The Gulf Of Mexico Oil Spill Case Study3246 Words   |  13 Pages BP and the Gulf of Mexico Oil Spill Case Study Tamatha French Management 6000 Hawaii Pacific University â€Æ' Introduction and Background On April 20, 2010, the petroleum industry suffered the largest maritime disaster oil spill in its history known as the Deepwater Horizon oil spill. The Deepwater Horizon oil rig that had been working on a well for BP in the Gulf exploded and went up in flames. Subsequently, massive amounts of oil spilled out into the water, threatening the marine life andRead MoreKey Stakeholders And Their Involvement1159 Words   |  5 Pagesfalling since the explosion, and have not returned to the original value before the incident (Read, 2010). Dividends were also not given out that year (ibid). As such, BP had to take measures to regain shareholder confidence. This incident also led to the resignation of BP’s Chief Executive Tony Hayward. Government As the oil spill concerned United States’ citizens and land, the US government stepped in to overlook the clean up of the disaster (Read, 2010). Aside from setting up a $20 billion fundRead MoreBritish Petroleum on the Treatment of Environment and Workers1720 Words   |  7 PagesIntroduction British Petroleum (BP) was originated in 1866 and is one of the main providers of oil and gasoline in the world, and the single largest in North America. The company functions in 28 countries worldwide, refining an average 2,352 barrels of oil per day. During the years, BP has had major occurrences in which their workers have been hurt or even not survived, triggering tremendous damage to the environment too. Primarily accidents started to happen during March 2005, when Texas CityRead MoreStrategic And Value Of Operations Management1599 Words   |  7 Pagesshareholders and stakeholders. This case study will briefly explore the importance of managing activities in today’s modern operations, and why it is critical to understand the strategic and value of operations management. We will examine the British Petroleum (BP) oil spill that occurred out in the Gulf of Mexico in April of 2010. The oil spill not only stirred many controversies but also affected the relationship of two of BP’s business partners. Most importantly, the oil spill has affected our coastal ecosystemRead MoreBP Gulf of Mexico Oil Spill 905 Words   |  4 PagesCASE STUDY- MINI CASE: BP GULF OF MEXICO OIL SPILL CASE SUMMARY 1. In a narrative format, summarize the key facts and issues of the case. In the case of the BP Gulf of Mexico oil spill, we examine the effects of an organization not being prepared for this particular crisis. The world scrutinized the actions, inactions, and the human decisions made by BP that led to a major catastrophic crisis. The organization was not prepared for a crisis of this magnitude. Our text stated that this type of negligenceRead MoreDear Ceo And Board Of Trustees Essay1289 Words   |  6 Pagesand Board of Trustees Introduction As you are aware, on April 20, 2010, explosions occurred in the Gulf of Mexico sinking the Deepwater Horizon oil rig and tragically killed 11 people This oil spill is now considered the worst oil spill in United States history. During the search and rescue, an underwater camera was discovered which revealed a leak in the BP pipeline. Because the well is located approximately 5,000 feet beneath the deep, dark sea with temperatures just above freezing and extremelyRead MoreSocial, Cultural and Environmental Responsibility of Corporate Business Leaders1482 Words   |  6 PagesReview This study investigates corporate social responsibilities. We begin by introducing the concept of CSR and the concept of Sustainable Development, than we emphasize on the importance of the two concepts, we also show a case study of a company that didn’t take these values into consideration, the impact of the company’s behavior on the company itself and on the stakeholders as well, and finally we conclude the study by a critical opinion and some recommendations. This study was based onRead MoreWhy Law And Ethics Should Be Legal1501 Words   |  7 Pagesethics would be the recent oil spill. The third-largest energy company that produces about 3.8 million barrels of oil and gas per day and also owns 22,400 service stations over the world is the company, BP. However, on April 20th, 2010, that same company created one of the greatest oil spill disasters recorded in the U.S. history in the Gulf of Mexico. The Deepwater Horizon oil rig explosion caused the deaths of 11 workers, injured 17 workers as well as a humungous oil spill in the Gulf of Mexico,