SHYAMNIMISHA SAXENARAGHAV YADAVROHAN ANANDDATE OF SUBMISSION: 24TH AUGUST‚ 2010 | | Effect of BP oil spill and subsequent market reaction on the assets of pension funds and mutual funds Case Facts:- * 20th April 2010 – an explosion caused by blowout on Deepwater Horizon rig kills 11 crewman (including 9 Transocean employees) and ignites a fireball visible from 35 miles. * Deepwater Horizon was leased to BP from March 2008 to September 2013 * Share price on 21st April 2010 – 648.20p
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BP OIL SPILL The Deepwater Horizon oil spill (also referred to as the BP oil spill‚ the Gulf of Mexico oil spill‚ the BP oil disaster or the Macondo blowout)[5][6][7][8] is a massive ongoing oil spill in the Gulf of Mexico that is the largest offshore spill in U.S. history.[9] Some estimates placed it by late May or early June‚ 2010‚ as among the largest oil spills in history with hundreds of millions of gallons spilled to date. The spill stems from a sea floor oil gusher that resulted from the
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Petroleum “BP” Oil Spill On April 20th 2010‚ British Petroleum better known as BP had an extremely destructive impact on the environment and the livelihood of those in Gulf Coast area of Louisiana‚ Mississippi and Florida. BP’s Deep-water Horizon oil rig was located offshore‚ 52 miles off the southeast coast of Venice‚ Louisiana. An explosion on the Deep-water Horizon oil rig caused a massive fire that claimed the lives of eleven BP workers. After 36 hours of burning‚ the Deep-water Horizon oil rig sunk
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Oil is one of the most important resources that empower the economy. It is mainly used for transportation‚ cooking‚ heating‚ and also electricity generation. Without oil‚ transportation‚ manufacturing‚ and production of food may not be possible. Oil came from fossils and dead organisms that submerged to the bottom of the ocean‚ or what we so called Oil Wells. It was collected by oil rigs by digging the bottom surface of the ocean. Deepwater Horizon oil spill is one of the biggest and controversial
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The BP oil spill‚ more famously referred to as the Deepwater Horizon Spill‚ occurred in 2010 in the Gulf of Mexico and flowed unmitigated for as long as 3 months. The BP oil spill has fared as the largest marine oil spill ever confronted in the history of the petroleum industry. The oil spill on the 20th of April 2010 was primarily the result of a gas release followed by an explosion in the Deepwater Horizon oil rig‚ in the Gulf of Mexico‚ established on the Mocando exploration well designed for
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simple informative commercial or newscast. My main focus will be on the BP oil spill. The first sociology theory I will compare with is symbolic interactionism. Symbolic interactionism is the use of symbols or face to face interaction. The way that this relates to the BP oil spill is the way that the owner of the company‚ Kenneth R. Fineburg‚ said that he was going to help and compensate the victims of the oil spill. Commercials and speeches were made about his plans to pay back for the damage
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The Effects of Oil Spill After the oil spilled over‚ did people’s life change? For sure‚ it affects a lot to human’s lives. However‚ what are those effects? Three major places which are affected by oil spill are business marketing‚ people’s health‚ and environment. The first effect is the economic effect. The tourist season was killed because of the oil spill. The ocean which is full of oil is very unclear‚ and nobody wants to have a vacation at a place like this. The killed tourist season is
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Background Oil spills are horrible they damage the environment and may destroy ecosystems. This question has puzzled most scientists and elementary grade kids for a long time : What’s the best way to remove oil from water? Lets bump it up to using Marvel Mystery oil ‚which is a Motor oil brand‚ so we have a nice bright red color. There are 3 main ways to separate oil from water and 3 absorbents that can be used
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Ethical Issues surrounding the BP Oil Spill By: Angela Higgins December 16‚ 2010 The BP Oil Spill which happened on April 20‚ 2010‚ was the largest offshore oil spill in U.S. history releasing approximately 185 million gallons of crude oil into the gulf. This event was the result of a wellhead on the Deepwater Horizon oil drilling platform blowing out in the Gulf of Mexico approximately 40 miles southeast offs the Louisiana coastline. Eleven men working on the oil rig platform were killed and
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British Petroleum’s Marketing Problem Florida International University Summer 2011 Alex Del Veccio Yudith Torres BP Marketing Problem In April 20th‚ 2010 one of the worst environmental natural disasters that were brought on by a men happened. We are talking about the British petroleum Oil spill on the Golf Coast. The disaster not only affected the plants‚ animals and people living in the area but also the image of the company. British Petroleum has been successful on creating a powerful
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