The Oil Spill Of The Petroleum Arena Essay - 897 Words

A company whose headquarters is based in London, England, BP PLC is one of the market leaders in the petroleum arena; who paired with Halliburton, and Transocean for what was intended to be a mutually beneficial partnership for all companies involved. On April 20, 2010, the company experienced one of the most historic events in the oil industry; which is referred to as the Deepwater Horizon oil spill of 2010 or Gulf of Mexico oil spill of 2010. To date, this event is noted as the largest marine oil spill to have ever occurred in the USA; extending to a total of 5 states. This spill worsened over a period of it Dean we voting in over 200,000,000 gallon of crude oil being pumped into the Gulf of Mexico. According to Dutta, (2013) a drilling rig was damaged when the explosion on 20th of April 2010 as work was being carried out on the Macondo well. This explosion not only affected the companies involved in the operations, but also affected humanity, the environment, and the economy. It took the oil a mere eight days to sink to the bottom of the rig and over three months of a leakage before BP could get the barrel capped. With such a disaster, many sectors were affected including tourism and fishing, whose impacts were directly compro mised. The beaches would have been affected, likewise, the sea, putting a halt to swimming and fisheries. In reviewing the circumstances surrounding the BP Deepwater oil spill, it can be noted that the company was initially focused on theShow MoreRelatedThe Beachfront Plain Is Undulating With Heights Somewhere Around Zero And 600m Above Ocean Level1740 Words   |  7 Pagesenvironmental damage and the World Bank s Chad-Cameroon oil and pipeline project. Amsterdam: Netherlands Committee for IUCN. Guyer, J. (2002). The Chad-Cameroon petroleum and pipeline development project. African Affairs, 101(402), 109-115. Horta, K., Nguiffo, S., Kemneloum DjiraïbeÃŒ , D. (2007). The Chad-Cameroon Oil Pipeline Project. 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