Items tagged:

Environmental disasters

We have 2 items tagged with ‘Environmental disasters’.
  • Deepwater Horizon one year on: what has the oil industry learned?

    A year ago today, the oil industry was shaken by a blowout on the Deepwater Horizon rig, 1500 metres deep in the Gulf of Mexico. The explosion killed 11 people and spilled 200 million gallons of oil. BP’s bill – over US$8 billion to date – is expected to reach US$32 billion after all damage claims have been made.BP wasn’t solely responsible for the spill. BP’s contractors were also held to task, including Transocean, the rig owner; Halliburton, who did the cement job; and Cameron International, who built the blowout preventer. The incident highlighted the complexity – and vulnerability – of today’s oil and gas contracting arrangements.IIED’s new report Shared value, shared responsibility: a new approach to managing oil and gas contracting chains argues that a shift in industry culture is required to manage the challenges posed by complex chains of oil and gas contractors in increasingly risk-laden environments.

    20 April 2011 | Blog | Energy
  • Blunt instruments, crude addictions

    It’s one of the more ironic twists to the Deepwater Horizon tale. Just a few hours before the US Attorney General announced that a criminal investigation was to be brought against British Petroleum, Transoceana, and Halliburton for their roles in the Deepwater Horizon oil spillage, President Barack Obama met with his Peruvian counterpart, Alan Garcia.

    8 June 2010 | Blog | Sustainable markets
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