Category: Oil Spill

The Gulf of Mexico Oil Spill 2010 is described as the worst oil disaster to have ever happened in the history of the oil industry. Also known as the Macondo Blowout, the spill continued for approximately three months unabated. The root cause of the spill was a result of an explosion of the Deepwater Horizon…

The oil spill leaking into the Mexico gulf is as a result of the British Petroleum drilling rig which exploded at a rate of five thousand barrels a day. It was reported that about eleven workers died in the explosion that took place on 20th of April (Jones, 2010). The likely cause of the disaster…

Its estimated that most oil spills occur because of daily operations, mostly in oil or port terminals. However, there are still occasions where oil spills occur due to oil exploration, extraction and production or through transporting oil by sea and these vessels crashing or running aground (Fingas, 2019). These tend to have great impacts on…

After the oil spill, the US government looked at the situation from a different angle, which is inclusive of cleaning the Gulf, compensation of the affected, and also the dividends of the shareholders. The issue is considered in three dimensions; positioning BP to the point of coming to terms with compensating those affected like the…