Research Paper on the BP Gulf Oil Spill

Research Paper on the BP Gulf Oil Spill Research Paper example
Undergraduate
Research Paper
Finance & Accounting
Pages 16 (4016 words)
Download 0
Contents
1 Chapter 1 4
1.1 Introduction 4
1.2 Nature of the Issue 5
1.3 Research Question 6
1.4 Research Objective 7
2 Chapter 2 8
2.1 Literature Review 8
2.1.1 Theory of Externalities 8
2.1.2 Cost-Benefit Analysis of the Clean-up 10…

Introduction

2.1.4 Financial Implication of the Oil Spill 14
3 Chapter 3 15
3.1 Research Methodology 15
3.1.1 Research Framework 16
3.1.2 Data Collection 16
4 Chapter 4 17
4.1 Discussion and Findings 17
5 Chapter 5 18
5.1 Conclusion 18
5.2 Recommendation 19
5.3 Limitation 19
References 21
Appendices 23
1 Chapter 1
1.1 Introduction
An oil spill is the accidental release of liquid petroleum hydrocarbon into the marine areas due to human negligence and is one of the major causes of sea water pollution. Despite the improved technologies to prevent crude oil spills in the marine environment the accidents continue to occur. The recent case of a large oil spill is the 2010 Deepwater Horizon incident in the Gulf of Mexico for which several companies were responsible to varying degrees and BP was the most prominent party to the incident. The worst oil spill U.S. faced before this Gulf Oil Spill was Exxon Valdez in 1989 in Alaska (Ramseur & Ramseur, 2011, p.1). On April 20, 2010, the oil drilling rig at Deepwater Horizon of BP was near completion when the uncontained release of oil and natural gas caused explosion resulting in the largest oil spill in U.S. waters and killing 11 people and injuring 15. Nearly 200 million gallons of oil was released into the sea over approximately 84 days. However the oil leak was discovered four days after the explosion when BP sent a team of experts to cover the source of leakage. ...
Download paper
Not exactly what you need?

Related papers

A Study of Shell Oil and its Stakeholders in Nigeri
It manufactures and markets a range of petrochemical products for industrial customers. The company is also engaged in delivery of technology solutions through research and innovation. Shell operates in 90 countries, employs approximately 93,000 people worldwide, 43,000 service stations, and has more than 30 refineries and chemical plants including 3.3 million barrels of gas and oil production per…
The impact of Oil price changes on the Gulf Council Countries (GCC) stock markets
The changes of the world economy majorly depend on the changes of oil prices. When the oil price increases, then the manufacturers around the world has to incur more cost in the manufacturing process. The cost of transportation also increases. Because of the increment in the operating cost, the profit of the company decreases. A country’s economy mostly depends on the performance of the…
Strategic Analysis of BP
An extensive literature review based on the firm’s strategic capabilities has been devoted in this study. Dynamic capability of a firm refers to the capabilities of strategic management in a competitive environment particularly in a perfect competition market where strategic insight is highly essential. This paper has described that theories are not sufficient to analyze the competitive…
Research Paper Prospectus on the Economic and Financial Impact of the Gulf Oil Spil
The world’s most sophisticated drill rigs, known as The Deepwater Horizon, was degraded to a mass of burnt metal in a split of seconds (Peppas, 2011). The rising demand for oil over the years meant that companies were drilling even deeper into the sea in an attempt to drill more oil. The oil spill occurred at a time when the industry was least expecting it; industry experts has speculated that…
BP Case Study: Investment Proposition
They are operating in more than 80 countries with 15 refineries generating 2354 thousand barrels of oil per day. The company has recorded a sales and other operating revenue figure of $375,765 million. They follow a business model that creates value across the value chain of hydrocarbon. This process starts from exploring and ends in supplying energy and other stuffs necessary for the everyday…
Accounting Theory:British Petroleum Oil Split in Mexican Gulf 2010
For instance, the positive accounting theory, also known as agency theory, emphasises the Ex Ente (before the event) agreement between the two parties, i.e. an agency and the agent. Notably, this particular theory accounts for the costs to be incurred by the agency, as a consequence to the failure of the agent to perform the delegated authority efficiently (Watts & Zimmerman, 1990).…
THE BP OIL SPILL IN MEXICAN GULF 2010
A crisis refers to an undesirable and unfortunate position that a business finds itself in, and which poses a great threat to the organization (Benoit, 1995). The value of communication in any company is very important, and this importance cannot be understated. The major concept of this work is crisis management, and will employ a special focus on the BP oil company, and the oil spillage crisis…