[363] The deputy assistant secretary of labour at OSHA, said "The only thing you can conclude is that BP has a serious, systemic safety problem in their company. [241], In Brazil, BP holds stakes in offshore oil and gas exploration in the Barreirinhas, Cear and Campos basins, in addition to onshore processing facilities. [95] In 2001, in response to negative press on British Petroleum's poor safety standards, the company adopted a green sunburst logo and rebranded itself as BP ("Beyond Petroleum") plc. Saudi Aramco (Arabic: Armk as-Sudiyyah), officially the Saudi Arabian Oil Company (formerly Arabian-American Oil Company) or simply Aramco, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. [239], BP is the largest oil and gas producer in Trinidad and Tobago, where it holds more than 1,350 square kilometres (520sqmi) of offshore assets and is the largest shareholder in Atlantic LNG, one of the largest LNG plants in Western Hemisphere. [478], Documents from a 2016 bid to drill in the Great Australian Bight revealed claims by BP that a large-scale cleanup operation following a massive oil spill would bring a "welcome boost to local economies. [212][213], BP is active in offshore oil development in Angola, where it holds an interest in a total of nine oil exploration and production blocks covering more than 30,000 square kilometres (12,000sqmi). The firm illegally discharged waste oil, paint thinner and other toxic and hazardous substances by injecting them down the outer rim, or annuli, of the oil wells. U.S. appeals court says CFPB funding is unconstitutional - Protocol [436], On 15 December 2010, the Department of Justice filed a civil and criminal suit against BP and other defendants for violations under the Clean Water Act in the U.S. District Court for the Eastern District of Louisiana. When BP XA did not fully comply with the terms of the corrective action, a complaint was filed in March 2009 alleging violations of the Clean Water Act, the Clean Air Act and the Pipeline Safety Act. [179] BP is the operator of the Clair oilfield, which has been appraised as the largest hydrocarbon resource in the UK. [317] BP scored a 100% on the 2018 Human Rights Campaign's Corporate Equality Index, which was released in 2017, although this was the most common score. "[425][426], Studies in 2013 suggested that as much as one-third of the released oil remains in the gulf. A BP crew sent to inspect the pipe in early August discovered a leak and small spill,[393][394] following which, BP announced that the eastern portion of the Alaskan field would be shut down for repairs on the pipeline,[394][395] with approval from the Department of Transportation. [44], The US Justice Department and the Commodity Futures Trading Commission filed charges against BP Products North America Inc. (subsidiary of BP plc) and several BP traders, alleging they conspired to raise the price of propane by seeking to corner the propane market in 2004. [329], In February 2020, BP set a goal to cut its greenhouse gas emissions to net-zero by 2050. The plaintiffs maintain that the industry knew about the environmental dangers but that they used it instead of other possible alternatives because it was less expensive. [475][476] The investigation was dropped in December 2015 due to lack of evidence. [285] However, shares fell nearly 25% by early 2000, when the Federal Trade Commission expressed opposition to BP-Amoco's acquisition of ARCO. In the immediate aftermath of the spill, BP initially downplayed the severity of the incident, and made many of the same PR errors that Exxon had made after the Exxon Valdez disaster. Ian Smith for Intelegia. We offer the lowest prices per page in the industry, with an average of $7 per page. At the moment of the leak, pipeline inspection gauges (known as "pigs") had not been run through the pipeline since 1998. Overwatch 2 reaches 25 million players, tripling Overwatch 1 daily Later that year, BP became an operator of the pipeline and increased its stake up to 62.5%. [420] Researchers say the oil and dispersant mixture, including PAHs, permeated the food chain through zooplankton. [222][223], BP operates the Kwinana refinery in Western Australia, which can process up to 146,000 barrels per day (23,200m3/d) of crude oil and is the country's largest refinery,[224] supplying fuel to 80% of Western Australia. This includes four blocks it acquired in December 2011 and an additional block that is operated by Brazilian national oil company, Petrobras, in which it holds a 40% stake. [51][52] Similar to the Saudi-Aramco "50/50" agreement of 1950,[53] the consortium agreed to share profits on a 5050 basis with Iran, "but not to open its books to Iranian auditors or to allow Iranians onto its board of directors. The spill was cleaned up and there was no impact upon wildlife. According to oil workers in the area, Iraq's slant drilling claim was fabricated, as "oil flows easily from the Rumaila field without any need for these techniques." A disastrous leak. Cheat Sheet. [181][182] Since 2018 BP operates the UK's largest electric vehicle charging network through its subsidiary BP Chargemaster. BP stated that it pressed for the conclusion of prisoner transfer agreement amid fears that delays would damage its "commercial interests" and disrupt its 900 million offshore drilling operations in the region, but it said that it had not been involved in negotiations concerning the release of Megrahi. [327] Robert Allendorfer, manager of BP's Cherry Point refinery, wrote the following in a letter to state lawmakers: "[Initiative 1631] would exempt six of the ten largest stationary source emitters in the state, including a coal-fired power plant, an aluminum smelter, and a number of pulp and paper plants. [433][434] The study also found that oil already broken down by wave action and chemical dispersants was more toxic than fresh oil. [217], BP has major liquefied natural gas activities in Indonesia, where it operates the Tangguh LNG project, which began production in 2009 and has a capacity of 7.6million tonnes of liquid natural gas per year. ", "BP $8 Billion Buyback Leaves Investors Cold 3 Years After Spill", BP's "Beyond Petroleum" Campaign Losing its Sheen, "BP Funnels Millions into Lobbying to Influence Regulation and Rebrand Image", BP's PR Blunders Mirror Exxon's, Appear Destined for Record Book, "BP's Social Media Campaign Going About as Well as Capping That Well", Oil Slick: How BP is handling its P.R. Latest breaking news, including politics, crime and celebrity. Following the 2011 Thoku earthquake and tsunami, Japan received messages of condolence and offers of assistance from a range of international leaders.According to Japan's foreign ministry, 163 countries and regions, and 43 international organizations had offered assistance to Japan as of September 15, 2011. [296] BP was criticised by environmentalists and marketing experts, who stated that the company's alternative energy activities were only a fraction of the company's business at the time. The business was focused on aromatics and acetyls. [396] In total, 23 barrels (3.7m3) of oil were spilled and 176 barrels (28.0m3) were "contained and recovered", according to ADEC. Get All The Features For Free. Block 61 is one of Oman's largest gas blocks with a daily production capacity of 1.5 billion cubic feet of gas and more than 65,000 barrels of condensate. [199][200][201], As of 2019[update], BP produced about 300,000 barrels per day (48,000m3/d) of oil equivalent in the Gulf of Mexico. In 2000, BP Amoco acquired Atlantic Richfield Co. (ARCO) and Burmah Castrol. [156], In January 2019, BP discovered 1 billion barrels (16010^6m3) oil at its Thunder Horse location in the Gulf of Mexico. [431] Although Gulf fisheries recovered in 2011,[432] a 2014 study of the effects of the oil spill on bluefin tuna by researchers at Stanford University and the National Oceanic and Atmospheric Administration, published in the journal Science, found that toxins released by the oil spill sent fish into cardiac arrest. The State's investigation showed that BP's failure to properly maintain its equipment caused the malfunction. [153] In December 2018, BP sold its wind assets in Texas. [169] BP's decision came after the British government expressed concern about BP's involvement in Russia. Thirty violations remained under discussion. Maintenance and safety at the plant had been cut as a cost-saving measure, the responsibility ultimately resting with executives in London. [218] Also in that country, the company has invested in the exploration and development of coalbed methane. 24 January 2011. [256] In Germany and Luxembourg, BP operates service stations under the Aral brand. [136][298] According to Juhasz, "four percenthardly qualifies the company to be Beyond Petroleum", citing BP's "aggressive modes of production, whether it's the tar sands [or] offshore". [379][382][383], In June 2012, over 50,000 Texas City residents joined a class-action suit against BP, alleging they became sick in 2010 as a result of the emissions release from the refinery. About Our Coalition. It was the first commercially significant find of oil in the Middle East. [135], In 20112015, BP cut down its alternative energy business. A lock ( ) or https:// means youve safely connected to the .gov website. [111][112] BP announced a divestment program to sell about $38 billion worth of non-core assets to compensate its liabilities related to the accident. [370][375] In July 2012, the company agreed to pay $13 million to settle the new violations. Humanitarian response to the 2011 Thoku earthquake and tsunami Find Your Institution >> See what resources your library currently offers. BP had 760 "egregious, willful" violations during that period, while Sunoco and Conoco-Phillips each had eight, Citgo two and Exxon had one. [290][291] The buyback decision followed closure of the TNK-BP deal and it has to offset the dilution to earnings per share following the loss of dividends from TNK-BP. [358], Citing conditions similar to those that resulted in the 2005 Texas City Refinery explosion, on 25 April 2006, the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) fined BP more than $2.4 million for unsafe operations at the company's Oregon, Ohio refinery. Visit the U.S. Department of State Archive Websites page. Want results you can see? [344][345][346][347], In 2006, a group of Colombian farmers reached a multimillion-dollar out-of-court settlement with BP for alleged environmental damage caused by the Ocensa pipeline. [372], The fallout from the accident clouded BP's corporate image because of the mismanagement at the plant. [420] In 2013, it was reported that dolphins and other marine life continued to die in record numbers with infant dolphins dying at six times the normal rate,[424] and half the dolphins examined in a December 2013 study were seriously ill or dying. [310][311] Wikipedia co-founder Jimmy Wales stated that, by identifying himself as a BP staff member, the contributor in question had complied with site policy regarding conflicts of interest. The oil discovery led to petrochemical industry development and also the establishment of industries that strongly depended on oil. [21][22] 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. 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