BP is a British global energy company which is the third largest energy company and the fourth largest company in the world. As a multinational oil company, BP is the UK's largest corporation, with its headquarters in London. BP's headquarters is in Houston, Texas. The company is among the largest private sector energy corporations in the world, and one of the six private sector oil exploration, natural gas, and petroleum product marketing companies. Tony Hayward took over as the Chief Executive officer in May 2007 and under Tony Hayword’s leadership and watch several miss-haps have happened. In August 2006, BP shut down oil operations in Prudhoe Bay, Alaska, due to corrosion in pipelines leading up to the Alaska Pipeline. The wells were leaking insulating agent called Arctic pack, consisting of crude oil and diesel fuel. BP had spilled over one million litres of oil in Alaska's North Slope. 5,000 barrels of oil were released from the pipeline. October 2006. In May 2007, the company announced another partial field shutdown owing to leaks of water at a separation plant. Their action was interpreted as another example of fallout from a decision to cut maintenance of the pipeline and associated facilities. On 16 October 2007 Alaska Department of Environmental Conservation officials reported a toxic spill of methanol at the Prudhoe Bay oil field managed by BP. Nearly 2,000 gallons of mostly methanol, mixed with some crude oil and water, spilled onto a frozen tundra pond as well as a gravel pad from a pipeline. Methanol, which is poisonous to plants and animals, is used to clear ice from the insides of the Arctic-based pipelines.
2010 Deepwater Horizon oil spill
On April 20, 2010, a semi-submersible exploratory offshore drilling rig in the Gulf of Mexico exploded after a blowout and sank two days later, killing eleven people and causing a massive oil spill threatening the coast of Louisiana, Mississippi, Alabama, Texas, and Florida....
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