BP's Response to the Gulf Oil SpillResearch papers on BP’s Response to the Gulf of Mexico Oil Spill would investigate how quickly BP reacted to the knowledge that one of its offshore rigs had exploded, that eleven employees were killed and that a wellhead was now gushing thousands of barrels of crude oil into the ocean. More importantly, research papers on BP’s Response to the Gulf Oil Spill would examine how effectively BP responded in the first several days and then in the weeks and months following the accident to stop the flow of oil. Although a research paper would focus primarily on the steps that BP has taken to stop the oil spill, they would also emphasize BP’s responsibility for ensuring that such accidents did not occur again or that technological solutions existed to quickly mitigate them.
Quick Response to Oil Spill
BP responded quickly to the news that one of its oil rigs had exploded, facing press conferences on a daily basis while fielding questions concerning the accident’s impact of the water pollution on the environment, on the families of the workers who were killed and on the Company’s bottom line. Unfortunately, BP’s quick response did not include the capacity to immediately address what would become its greatest problem – the unbridled flow of crude oil from the rig’s broken wellhead. The established and anticipated damages from the oil spill as well as the global attention it has garnered should serve as indisputable incentives for companies like BP to develop measures that either prevent or quickly control such accidents in the future.
Facts About BP Oil
BP p.l.c. (BP) is a publicly traded company organized under the laws of Great Britain and headquartered in the United Kingdom. Its current structure is the result of a 1998 merger between Amoco Corporation of the United States and British Petroleum p.l.c. of the United Kingdom, with Amoco renamed BP Amoco and operating as a wholly owned subsidiary of BP. In 2000, the firm also acquired the American firm Arco and the British firm Burmah Castrol p.l.c. The following are facts about the current state of BP:
- The company is a vertically integrated oil-producing conglomerate, which controls all facets of its downstream distribution processes.
- Its main businesses are gas and oil exploration and production, refining and marketing of petroleum products and chemical production.
- BP is also the world’s largest producer of photovoltaic cells, an alternative form of energy. The company’s gas and power division operates all of the renewable and alternative energy activities.
- BP subsidiaries conduct exploration activities in 21 countries and the firm employs approximately 110,000 people.