What did BP learn from the oil spill?

Oil plays too big a role in the world economy to turn off the spigot – or to stop exploring for new sources of crude to replace declining oil fields already in production. The larger lesson of the BP oil spill – the environmental and economic risks of over-reliance on fossil fuel – is lost on no one.

What is BP case study?

On April 20, 2010, a BP’s Deepwater Horizon oil rig exploded, causing what has been called the worst environmental disaster in U.S. history and taking the lives of 11 rig workers. For 87 straight days, oil and methane gas spewed from an uncapped wellhead, 1 mile below the surface of the ocean.

How could the BP Oil Spill been prevented?

Safety upgrades are critical but could mean higher prices for oil and gas. A culture of tighter safety and more experienced regulators might have prevented the BP Deepwater Horizon leak. But equipment modifications and new technology will be needed to minimize the risk of such deepwater oil leaks.

Why is the Deepwater Horizon important?

On April 20, 2010, an explosion on the Deepwater Horizon Macondo oil well drilling platform tragically killed 11 workers, and started the largest marine oil spill in U.S. history, releasing millions of barrels of oil into the Gulf of Mexico.

How did the public react to the BP oil spill?

In the CBS survey, 70 percent disapproved of BP’s response, with only 18 percent approving and 12 percent undecided. An opinion poll conducted by Washington Post-ABC News in early June found that nearly three-quarters of Americans considered the spill a major environmental disaster.

Who was found liable for the BP oil spill?

The ruling on the first phase, announced in September 2014, found BP to be 67 percent culpable for the spill and thus grossly negligent. Transocean was held 30 percent liable and Halliburton 3 percent liable; both companies were deemed negligent.