texas oil spill:

Because of poor communication among several workers who had been on 12-hour shifts
for more than a month straight, no one noticed that the tower was filled too high.
the company has


BP Beyond Petroleum campaign that ran from 2000 to 2008:

the resulting blowout would spill 4.9 million barrels of oil into the Gulf of Mexico, making it the
largest oil spill in U.S. history. 85 agonizing days it would take a joint industry-government team to
finally cap the well demonstrated that oil companies lacked the ability to clean up after
themselves. The industry has made some improvements like keeping well-capping technology on
hand . the creation of the Center for Offshore Safety, a private safety institute modeled on those
used by the nuclear and chemical industries. if another blowout occurs, an oil company should be
able to stem the flow of hydrocarbons much faster than the months it took to jury-rig a cap for BP's
well. Significant changes have also occurred on the regulatory side. The Minerals Management
Service (MMS) the much criticized federal agency that had been tasked with overseeing energy
exploration is no more, replaced by the tongue-twisting Bureau of Ocean Energy Management,
Regulation and Enforcement (BOEMRE). the agency has been split up into two parts, to separate the
revenue-collection office from the drilling regulators and reduce the conflicts of interest that had
plagued MMS. The Deepwater Horizon accident has likely cost BP more than $40 billion, Its
production is down 21 percent since the oil spill and its share price is 22 percent lower.
tried hard to downplay the scale of the tragedy and it has moved slowly to stop the torrent of
oil pouring into the Gulf.
. During the
campaign, BPs brand awareness rose from below 10 percent to more than 60 percent. Further, BP
consistently appeared as the
most environmentally friendly oil company in U.S. consumer surveys and press reviews during the
mid-
2000s (Landor Associates, Cohn & Wolfe, and Penn, Schoen, & Berland Associates 2007, 2008). In
April 2010, an oil well blowout led to multiple explosions and the eventual sinking of the
Deepwater Horizon oil drilling rig. In the ensuing weeks, an estimated 205.8 million gallons of oil
flowed 3
from the well (National Commission, 2011). Despite containment efforts, the spill led to the worlds
largest accidental release of oil into marine waters.1
First, there was a significant consumer response to the BP oil spill. During
the spill, BP retail prices declined by 4.2 cents per gallon relative to non-BP stations in neighboring
markets, representing a 25 percent decline in margins relative to industry standards. In addition, BP
volumes sold declined by 3.6 percent among fleet card holders. We further find that, over the course
of
the spill, BP prices and volumes fell with increasing intensity, peaking at a 6.1 cents per gallon
decrease
in price and a 6.7 percent decrease in volume in August 2010.

changes after spill:
Interior Secretary Ken Salazar rolled out the most aggressive overhaul of his departments
offshore oil and gas drilling management ever. He announced that the much-maligned
Minerals Management Service would be split into three agencies to minimize the conflict of
interest created when leasing, revenue collection, and drilling inspections were done under
the same umbrella. Interior department has also implemented more rigorous drilling
standards, enhanced environmental reviews, and more systematic workplace rules, among a
series of other significant new regulations.
The oil and gas industry, led by the American Petroleum Institute, responded quickly to set
up four task forces to examine deepwater drilling safety; API announced the first two on May
4. The industry has also seen other major reform efforts: the creation of the Marine Well
Containment Company and the Helix Well Containment Group to prove industrys ability to
contain a spill in deep waters; new regulations crafted by oil executives in cooperation with
the Interior department; efforts by API to enhance safety and drilling standards for U.S.
companies and others around the world; and the creation of an industry-created drilling
safety institute, recommended by President Obamas spill commission, which will be set up
this year.