MGT30004 Sustainable Organization Change Project Marcus Richardson 100011109 Executive summary On the evening of April 20, 2010, a well control event allowed hydrocarbons to escape from the Macondo well onto Transocean’s Deepwater Horizon, resulting in explosions and fire on the rig (BP, Sep 8, 2010) On this day eleven people lost their lives while an addional 17 were injured. The oilrig continued to burn for 36 hours when eventually the rig sank to the bottom of the ocean. Oil continued to flow from the well for 87 days after the explosion, causing a enormous amount of damage. BP Exploration & Production Inc. was the lease operator of Mississippi Canyon Block 252, which contains the Macondo well. BP formed an investigation team that was charged with gathering the facts surrounding the accident, analyzing available information to identify possible causes and making recommendations to enable prevention of similar accidents in the future (BP, Sep 8, 2010).
Shell is being known as the first major Oil Company to exchange oil production there. The economy in Nigerian is largely dependent on its oil sector which it supplies 95% of its foreign exchange income. Nigeria’s upstream oil industry support is central to the continuing civil disturbances in the country, which it is known from gaining worldwide publicity. According to the ICE (The Inventory of Conflicts and Environment) case studies, “oil production in Nigeria has had severe environmental and human
BUS519 “British Petroleum (PLC) and John Browne: A Culture of Risk Beyond” Project Risk Management Strayer University July 29, 2012 Prepare a two-day workshop agenda encompassing this case. The case study surrounds the investigation of the British Petroleum of two independent investigators, which placed the Board of the British Petroleum in the precarious position, after the investigative reports were released about the 2005 explosion at an oil refinery on Texas City in the United States, which killed 15 people and injured over 180 people. Hillson and Simon (2007) explain that the importance risk workshop cannot be understated and that because of the cost and time involved in coordinating and participating in the workshop activities, the outcomes from the risk workshop should effectively meet the stated objectives and facilitated by the risk champion. They maintain that “effective facilitation is fundamental to the success of the workshop (Hillson and Simon, 2007, p. 60). Based on the safety infractions outlined in the two independent investigative reports, the below list provides an overview of what will be addressed during the two-day Oil Refinery Risk Workshop Agenda items, which was created to identify ways to change the “history of poorly regulated safety measures in the plant” (Custom Book, 2011, p. 13).
This team, however, was not successful on their own. After numerous requests for extensions, Mr. Arcy nearly ran out of money. As a result, Mr. Arcy went to Persia himself where he and his team successfully struck oil in 1908. From that first, uncertain search for oil in Persia, BP had grown to become a global energy company, providing large quantities of oil while also making strides along a promising path towards oil’s alternatives. Some might say BP had become (and perhaps always had been) an organization that embodied energy in all its many forms.” This writer will study the organizational structure of BP.
Inside Job is a documentary that uses charts, interviews, and recordings to explain the global financial crisis of 2008. The movie begins with a bit of history and how the situation started. The eighties in particular were very good to the financial industry. In 1972 Morgan Stanley had about 110 personal, one local office, and working capital of 12 million dollars. By 2008, it had 50,000 workers, offices in many nations, and capital of several billion dollars.
The inevitable has happened! The world's second largest steel maker, Arcelor has finally bent to a US$ 32 bn takeover bid by its larger competitor, and world's largest steel maker, Mittal Steel. The combine will create a global steel giant that will be almost 3 times bigger than the nearest rival, Nippon Steel of Japan. The agreement has been arrived at after almost a five-month battle, which has involved, apart from Mittal Steel and Arcelor, several European governments. Parameters Unit Mittal Steel Arcelor Capacity MT 63.0 46.7 Revenues US$ bn 28.1 39.1 EBIDTA margins % 20.6 17.3 PAT margins % 12.0 11.8 The combined entity will be called Arcelor-Mittal and will have a 10% share of the global steel capacity of 1,132 m tonnes (MT) per year.
With the combination of those actions causes an upward surge on oil prices which escalated from $14 per barrel of the beginning of 1979 to more than $35 per barrel in 1981. The reasons for that influxes of prices could be the result of the revolution and the war between the Iraq- Iran which caused crude oil prices to triple. The higher oil prices depressed countries for example the United States whose petroleum consumption was reduced and the energy conservation and fuel switching was encouraged. This movement had a huge influence on U. S petroleum demand from 1978 to 1983 fell from 18.8 to 15.2 million barrels per day which was the lowest level since 1971.
In the next, I want to give more details about the four main pollutants. First, oil spills happens frequently. In fact, of the approximately 706 million gallons of waste oil in the ocean each year, offshore drilling operations contribute about 2.1 percent, and transportation accidents account for another 5.2 percent. (Kristin et al.,2003,para. 5)Therefor, the oil spill is relatively significant.
Post disaster reports show that over 15 000 lives were lost. There were many reports of long-period ground motions near Tokyo, Nagoya and, Osaka. There was also a precursor earthquake to this, which happened on March 9, 2011 approximately 35 kilometers from the epicenter of the main earthquake on March 11. There was an estimated economical loss ranging from 100 billion US dollars to 500 billion dollars. There was a series of aftershocks from this earthquake since the original hit, some registering over 6 on the Richter scale.
The Exxon Valdez oil spill was the largest oil spill in the history of the United States (EPA, 2011). The Exxon Valdez oil spill was a major concert in Alaska and 11 million gallons of oil released into the ocean (EPA, 2011). The damage opened the eyes of individuals in the United States because the oil spill posed threats to the food chain, fishing industry, and many species of birds in the particular ecosystem (EPA, 2011). The Oil Pollution Act of 1990 was created in August 1990. The OPA established plans to handle future oil spills easier.