Eleven workers were killed. This, once again is beneficial to those affected by the spill, but depletes dividends for shareholders. 768 dead animals consisting of sea turtles and birds were found, and the fishing industry was affected by an estimate of $2. With all these ethical issues, BP should consider taking actions to ensure that their Code is met, as it affects stakeholder’s decisions. This paper will conduct an expert analysis and assessment of the available literature on the BP Deepwater Horizon oil spillage, utilizing various case studies with the aim of understanding the cause and major problem that lead to and contributed to the … The spill was caused by an oil gusher on the ocean floor. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. In summary, it was a costly disaster for BP, with negative impacts on the environment and their stakeholders. In addition, BP was accused of overpaying their CEOs. your own paper. 4. 2 Compensation and Restoration BP and the government settled on a $20 billion trust fund set aside for claims made by victims (Read, 2010). The BP Oil Spill was an environmental disaster. Retrieved from https://graduateway.com/deepwater-horizon-case-study-ethics/, This is just a sample. The Deepwater Horizon accident, also known as the BP Oil Spill, was a project failure of immense proportions. In February 2009, British Petroleum (BP), proposed a plan to drill in the Macondo well to the Minerals Management Service (MMS). This incident also led to the resignation of BP’s Chief Executive Tony Hayward. Through this,anindividual caninteract with each other through the understanding of the peoplerights. By doing so, they are following their Code of ensuring safety of their workforce (BP, 2013a). U.S. President Barack Obama ordered a commission to investigate the cause behind the disaster and in January 2011, the final report was sent to the President. The Deepwater Horizon was essentially a massive floating deep water drilling rig, which could operate in depth of as much as 10,000 feet under water. That's how you know you can get college assignment assistance with us the way you want it. Essay, Use multiple resourses when assembling your essay, Get help form professional writers when not sure you can do it yourself, Use Plagiarism Checker to double check your essay, Do not copy and paste free to download essays. 10_Oil_Spill_Response_Strategy_Document. guardian. co. uk/environment/2010/apr/29/deepwater-horizon-oil-slick-us-coast> [Assessed 9 February 2013], Read, C. , 2011. source.. This might be considered unethical as BP had caused harm in people’s livelihoods and should repay them for their losses. Evaluation Following the oil spill, BP has done their best to control the situation. 1: The Deepwater Horizon Explosion On the 20th of April 2010, the Deepwater Horizon oilrig owned by BP exploded and caught fire, causing the death of 11 workers and leaving a trail of damage to the surrounding environment in its wake. Some of the questions you should answer: What is the key ethical dilemma in the movie? The explosion killed 11 platform workers and injured 17 others. All the content of this paper is just her opinion on Deepwater Horizon Essay and should not be seen as the way of … Change ). bp. However, the excessive bonuses to executives and the giving of false statements by David Rainey have further ruined the image of BP as a company that takes ethics into account. They managed to curb the well In 2 months and have been working on compensating the victims. 5 billion (Jarvis, 2010). html> [Accessed 9 February 2013] Webb, T & McVeigh, K. 2011. Furthermore, BP’s former vice president David Rainey was charged for the deliberate understatement of the amount of oil that was being discharged into the Gulf (ibid). BP workers charged with manslaughter in deadly Deepwater Horizon Gulf blast CBS News, [Internet] 15 November. When we say that we are offering you reasonable Deepwater Horizon Ethics Essay essay service, we are keeping our word of honor which is to give you packages that are light on your pocket. The Deepwater Horizon Incident was brought on by the get away from of hydrocarbons leading to explosions and flame on the rig. By continuing we’ll assume you’re on board with our cookie policy, The input space is limited by 250 symbols. Ethical Problems Deepwater Horizon Oil Spill Management Essay This report will include one of the recent ethical problems, Deepwater Horizon oil spill and some case studies. This will be done in light of BP’s code of conduct, with an emphasis on ethics. It is entirely up to you which … ( Log Out /  She studies at the University of California, Santa Barbara. Hence, in the light of Corporate Social Responsibility (CSR), this report will be focused on the analysis of the Deepwater Horizon oil spill. All you need to do is fill out a short form and submit an order. At the time of the explosion, the drilling rig was operating at 5100 feet in depth of water, drilling an exploratory well around 35,050 feet deep, in the Mocando Prospect, located at the Gulf of Mexico. Which company operated it? Argumentative Essay: The BP Oil Spill Phillip Staton PHI 445 Personal & Organizational Ethics Prof. Gloria Zuniga y Postigo February 29, 2016 Argumentative Essay: The BP Oil Spill Introduction In 2010, BP’s Deepwater Horizon rig exploded, causing millions of barrels of … 1 Shareholders Flowing the explosion, BP’s shares dropped by 54%, resulting in a loss of $105 billion in share value (Jarvis, 2010). Gulf of Mexico Restoration [Internet] Available from: <http://www. In addition, claims that were not fully reimbursed added to the anger of activists.. >>>. Large sums were also set aside for the compensation of victims. BP’s response to the oil spill is considered quick and efficient. The spill stemmed from a sea-floor oil gusher that resulted from the April 20, 2010 Deepwater Horizon drilling rig explosion. Sorry, but copying text is forbidden on this website. Site managers Robert Kaluza and Donald Vidrine were accused of acting irresponsibly when handling the checks on the rig (CBS News, 2012). Deepwater Horizon is a movie that was produced to honor the individuals that have died on that tragic day and to acknowledge their heroism and not to throw blame at anyone because it focuses on the trauma that the individuals lived and not the aftermath of the case. With the huge impact of the oil spill on marine life and coastal regions, fishing and tourism industries of the places affected in the Gulf Coast severely declined. Ethicslaw Ethicslaw Ethicslaw can bedescribedas the code of conduct governing proper professional behavior, henceestablishing the nature of obligations allocated tosocietyor an individual. This essay reviews the ethical issues involved in the strategy of the BP Energy Company with the special reference to the April 20 explosion of Deepwater Horizon offshore drilling rig. The drilling rig was owned by Transocean. Introduction The Deepwater Horizon rig sank on April 22, 2010, two days after the Macondo well blowout and explosion that killed 11 workers. Positive ethical actions would lead to a better image, whilst negative actions would further damage BP’s financial status. The The rig sank two days later, leaving the now-uncontrolled well gushing crude oil at the ocean’s floor. Obama had held BP responsible for the incident, and worked in collaboration with BP to restore the Gulf back to its original position. Excerpt from Essay : Strategic Framework in BP-Deepwater horizon accident One of the most eminent names in the oil and gas industry is British Petroleum, considered as the largest provider of oil and gas to its customers for transportation, energy for heating and light and retail services for petrochemical products globally. We are prepared to Deepwater Horizon Ethics Essay meet your demands. The decisions made by BP leading up to the disaster as well as actions taken by BP in the aftermath of the disaster will be evaluated based on the various ethical theories and techniques learnt in the EG2401 module. Both Transocean and BP have faced fines in the billions. Here comes another blockbuster movie that may end up being show in business ethics classes. As such, BP had to take measures to regain shareholder confidence. pdf> [Assessed 9 February 2013] BP, 2013c. The case of BP oil spill in 2010 provides an important example for understanding how these principles are valued by public opinion in a crisis situation, and how the communication actions by a corporation in this type of circumstances might have long-term effect on the brand image of the organization. This affected stakeholders in different ways. College Essay Help Online and its Advantages. Deepwater Horizon Ethics Essay guidelines Deepwater Horizon Ethics Essay as well as more specific formats like APA, etc. This essay will showcase the deep water horizon oil spill,other costs that the BP Company may have incurred. The government was also responsible for activating coast guards and the military in its response to the spill. Nature of the accident and decisions taken by parties involved will be analyzed and discussed according to the relevant ethical principles. To date, the oil spill is the largest in history, and was caused by a multitude of factors. We use cookies to give you the best experience possible. 3 Ethics and Values According to BP’s Code of Conduct, BP ”commits to “excellence and to the disciplined management of our operations” (BP, 2013a). "You must agree to out terms of services and privacy policy", Don't use plagiarized sources. 2. ( Log Out /  Get Your Custom Essay on, By clicking “Write my paper”, you agree to our, By clicking Send Me The Sample you agree on the, Case Study - Transparency Business Ethics, Business Ethics Case Study: Guidant Corporation, https://graduateway.com/deepwater-horizon-case-study-ethics/, Get your custom The geeks are screened based Deepwater Horizon Ethics Essay on their resume, qualifications test, and trial assignment. And take note that quality is … Whilst it is not proven to be profitable to display ethical behavior, the discovery of any involvement in unethical behavior will lead to dire consequences on the company. Some of these include cleaning up the Gulf, compensating victims, and training of BP’s employees. 2 Key Stakeholders and their Involvement In this accident, many groups of people were affected in various ways. This sample essay is completed by Harper, a Social Sciences student. Done their best to control the situation stakeholders have varying degrees, but are nonetheless one... The rig sank two days later, leaving the now-uncontrolled well gushing crude oil at the ocean floor a. And their Involvement in this area and know what to do should these circumstances occur sums were not... They are Following their code of conduct governing proper professional behavior, henceestablishing the nature of the.. 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