British Petroleum
Topic
Oil spills, An oil spill is the release of a liquid petroleum hydrocarbon into the environment,
especially marine areas, due to human activity, and is a form of pollution. The term is usually
applied to marine oil spills, where oil is released into the ocean or coastal waters, but spills may
also occur on land. BP has had a list of spills that occurred over the years, but one of the biggest
spill that effect many people, the world, and environment was “Deepwater Horizons”. Now with
the movie coming out in 2016 about the spill. BP has now had to face these issues all over again
how the spills effect the world. Now it will be on movie screen. The Deepwater Horizon oil
spill has had a significant impact on the Gulf of Mexico economy and ecosystem, as well as a
continuing financial, legal, and public relations burden for BP, whose conduct was found to be
“reckless” in a court ruling in September 2014. BP had expended $28 billion because of the spill
by September 2014 and faced $18 billion in additional penalties, which, The New York
Times reported, “casts a cloud over BP’s future.” On 20 April 2010, the semi-submersible
exploratory offshore drilling rig Deepwater Horizon located in the Macondo Prospect in the Gulf
of Mexico exploded after a blowout, killing 11 people, injuring 16 others. After burning for two
days, the rig sank and caused the largest accidental marine oil spill in the history of the
petroleum industry, estimated to be between 8% and 31% larger in volume than the earlier Ixtoc
I oil spill. Before the well was capped on 15 July 2010, an estimated 4.9 million barrels
(210 million US gal; 780,000 m3) of oil was leaked with plus or minus 10%
uncertainty.[374] 810,000 barrels (34 million US gal; 129,000 m3) of oil was collected or burned
while 4.1 million barrels (170 million US gal; 650,000 m3) entered the Gulf waters. 1.8 million
US gallons (6,800 m3) of Corexit dispersant was applied.
The spill had a strong economic impact on the Gulf Coast’s economy sectors such as fishing and
tourism. According to NOAA, Gulf fisheries were recovering in 2011,[ but in late 2012 local