BP – PEST Analysis Essay

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Many important industries in the economy were harmed by the Deepwater Horizontal incident in the Gulf of Mexico. BP spent a great amount of time and money trying to help the economic recovery in local communities and two very important industries after the oil spill. Two industries that were affected the most included seafood and tourism. These are very important industries to the economy, and rebuilding them is crucial.

Social — Restoring Trust: The Deepwater Horizon oil spill gave BP a bad reputation. BP had to stop worrying about profits and do something to benefit society, and this time the company needed to help fix the coast.

The efforts to help the Gulf Coast did not only include cleaning miles of shorelines, but BP also supported research that would help understand the impact of future oil spills. Fulfilling these corporate social responsibilities helped the company restore trust from society. Technological — Technology Advisory Council: This specialized group of people oversees everything that goes into developing new or improved technology. They can regulate how much money goes into each technological department.

Having this specialized council helps put the company ahead of others because they can make advancements in technology faster and at a more cost efficient rate. How to cite this page Choose cite format: Accessed January 9, Leave your email and we will send you an example after 24 hours If you contact us after hours, we'll get back to you in 24 hours or less.

Hi there, would you like to get such a paper? The oil rig had been hastily converted in an effort to quickly start drilling operations after the North Sea was opened for exploration. Thirteen crew members were killed. No hydrocarbons were released in the accident.

The former Amoco oil refinery at Texas City, Texas was beset by environmental issues, including chemical leaks and a explosion that killed 15 people and injured hundreds.

The explosion caused all the casualties and substantial damage to the rest of the plant. Maintenance and safety at the plant had been cut as a cost-saving measure, the responsibility ultimately resting with executives in London. The fallout from the accident clouded BP's corporate image because of the mismanagement at the plant.

There had been several investigations of the disaster, the most recent being that from the US Chemical Safety and Hazard Investigation Board [] which "offered a scathing assessment of the company. Inspectors found safety violations that had been cited but not fixed and new violations. BP appealed the fine. Thirty violations remained under discussion. The state Attorney General said BP was responsible for 72 separate pollutant emissions that have been occurring every few months since March It was the largest fine ever imposed under the Texas Clean Air Act.

In , workers at the Texas City refinery claimed that they were injured when a toxic substance was released at the plant. The plant had a history of chemical releases. District Judge Kenneth M. Hoyt said the plaintiffs failed to prove BP was grossly negligent.

In August , the Texas Attorney General charged BP with illegally emitting harmful air pollutants from its Texas City refinery for more than a month. The State's investigation showed that BP's failure to properly maintain its equipment caused the malfunction.

When the equipment malfunctioned and caught fire, BP workers shut it down and routed escaping gases to flares. Rather than shut down associated units while compressor repairs were made, BP chose to keep operating those other units, which led to unlawful release of contaminants for almost 40 days.

In June , over 50, Texas City residents joined a class-action suit against BP, alleging they became sick in as a result of the emissions release from the refinery. BP said the release harmed no one.

At the moment of the leak, pipeline inspection gauges known as "pigs" had not been run through the pipeline since A BP crew sent to inspect the pipe in early August discovered a leak and small spill, [] [] following which, BP announced that the eastern portion of the Alaskan field would be shut down for repairs on the pipeline, [] [] with approval from the Department of Transportation.

The spill was cleaned up and there was no impact upon wildlife. In the settlement of a civil suit, in July investigators from the U. Department of Transportation's Pipeline and Hazardous Materials Safety Administration determined that the spills were a result of BPXA's failure to properly inspect and maintain the pipeline to prevent corrosion.

The government issued a Corrective Action Order to BP XA that addressed the pipeline's risks and ordered pipeline repair or replacement. In July , the U. On 17 September , a small gas leak was discovered and one gas-injection well broached to surface in the area of the Central Azeri platform at the Azeri oilfield , a part of the Azeri—Chirag—Guneshli ACG project, in the Azerbaijan sector of Caspian Sea.

The cables further said that some of BP's ACG partners complained that the company was so secretive that it was withholding information even from them. The complaint alleged that BP failed to properly inspect and maintain underground tanks used to store gasoline for retail sale at approximately gas stations in California over a period of ten years and violated other hazardous material and hazardous waste laws.

The case settled in November and was the result of collaboration among the California Attorney General's Office and several district attorney's offices across the state. After burning for two days, the rig sank. The well was finally capped on 15 July The spill had a strong economic impact on the Gulf Coast 's economy sectors such as fishing and tourism.

Oil spill caused damages across a range of species and habitats in the Gulf. Effects on different populations consist of increased mortality or as sub-lethal impairment on the organisms' ability to forage, reproduce and avoid predators. BP said the report was "inconclusive as to any causation associated with the spill.

Studies in suggested that as much as one-third of the released oil remains in the gulf. Further research suggested that the oil on the bottom of the seafloor was not degrading. Researchers looking at sediment, seawater, biota, and seafood found toxic compounds in high concentrations that they said was due to the added oil and dispersants.

The study found that even very low concentrations of crude oil can slow the pace of fish heartbeats. BP responded that the concentrations of oil in the study were a level rarely seen in the Gulf, but The New York Times reported that the BP statement was contradicted by the study. Research discussed at a conference included preliminary results of an ongoing study being done by the National Institute for Environmental Health Sciences indicating that oil spill cleanup workers carry biomarkers of chemicals contained in the spilled oil and the dispersants used.

Several studies found that a "significant percentage" of Gulf residents reported mental health problems such as anxiety, depression and PTSD. Australia's 60 Minutes reported that people living along the gulf coast were becoming sick from the mixture of Corexit and oil.

The safety manuals read: A peer-reviewed study published in The American Journal of Medicine reported significantly altered blood profiles of individuals exposed to the spilled oil and dispersants that put them at increased risk of developing liver cancer, leukemia and other disorders.

In , a study was published in Proceedings of the National Academy of Sciences which found heart deformities in fish exposed to oil from the spill. The researchers said that their results probably apply to humans as well as fish.

District Court for the Eastern District of Louisiana. District Judge Carl Barbier. At the end of November , the U. Government temporarily banned BP from bidding any new federal contracts. Judge Barbier ruled in the first phase of the case that BP had committed gross negligence and that "its employees took risks that led to the largest environmental disaster in U.

Barbier ruled that BP was "reckless" and had acted with "conscious disregard of known risks. BP lobbied the British government to conclude a prisoner-transfer agreement which the Libyan government had wanted to secure the release of Abdelbaset al-Megrahi , the only person convicted for the Lockerbie bombing over Scotland, which killed people.

In February , BP's then-chief executive, Lord Browne of Madingley , renounced the practice of corporate campaign contributions , saying: During the U. These charges were dismissed by a US District Court in on the grounds that the transactions were exempt under the Commodities Exchange Act because they didn't occur in a marketplace but were negotiated contracts among sophisticated companies.

The dismissal was upheld by the Court of Appeals for the 5th Circuit in The investigation relates to trading activity that occurred in October and November BP denied that it engaged in "any inappropriate or unlawful activity.

In May , the European Commission started an investigation into allegations the companies reported distorted prices to the price reporting agency Platts , in order to "manipulate the published prices" for several oil and biofuel products. Documents from a bid to drill in the Great Australian Bight revealed claims by BP that a large-scale cleanup operation following a massive oil spill would bring a "welcome boost to local economies.

A leaked email from mid was leaked in April in New Zealand. The email laid out that pricing was to be raised at certain sites around a region in order to regain volume lost at its Otaki branch. From Wikipedia, the free encyclopedia. This article is about the energy company. For other uses, see BP disambiguation. Petroleum Natural gas Motor fuels Aviation fuels Petrochemicals. Oil fields operated by BP. List of articles about Canadian oil sands.

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