The Wayback Machine - http://web.archive.org./web/20121109012714/http://wn.com/BP
Thursday, 08 November 2012
BP Spills Coffee
BP: Attracting Females to take up STEM careers
BP Statistical Review of World Energy 2012
BP (Balak Palak) First Look - Upcoming Marathi Movie
The video BP doesn't want you to see
Boy on Trial for Killing Neo-Nazi Father..." width="225" height="168" class="playvideo1 gotop" onClick="activateTab('playlist1')" style="display: block;" />
BP OIL SPILL COCKTAIL *BIKINI INCLUDED!!!
BP CEO Bob Dudley on Gulf Response, Safety, US Energy Security and Restoring America's Trust
What Is at Stake in the TNK-BP and Rosneft Deal
BP oil spill 2 years later
Vote BP for Greenwash Gold 2012
Gulf Oil Spill: BP Execs Escape Punishment as Disaster Continues To Impact Sea life. 1 of 2

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BP Spills Coffee
  • Order:
  • Duration: 2:49
  • Updated: 08 Nov 2012
This is what happens when BP spills coffee. More comedy videos: www.UCBComedy.com Like UCB www.facebook.com Follow UCB: www.twitter.com Director: Peter Schultz & Brandon Bassham; Writers: Gavin Speiller, Eric Scott, Erik Tanouye, & John Frusciante; Editor: Peter Schultz, Starring: Eric Scott, Nat Freedberg, Kevin Cragg, Gavin Speiller, Kate McKinnon, John Frusciante, Zhubin Parang, Devlyn Corrigan, Erik Tanouye, Rob Lathan; Producer: Todd Bieber
published: 09 Jun 2010
author: UCBComedy
views: 12507889
http://web.archive.org./web/20121109012714/http://wn.com/BP Spills Coffee
BP: Attracting Females to take up STEM careers
  • Order:
  • Duration: 3:51
  • Updated: 04 Nov 2012
BP recently sponsored the British Science Festival in Aberdeen and is committed to inspiring the next generation of scientists and engineers. Representatives from BP, Dana Petroleum and Centrica addressed how to encourage more females to pursue careers in STEM subjects through an interactive panel discussion. Find out more at BP.com/careers.
published: 01 Nov 2012
author: BPplc
views: 426
http://web.archive.org./web/20121109012714/http://wn.com/BP: Attracting Females to take up STEM careers
BP Statistical Review of World Energy 2012
  • Order:
  • Duration: 2:56
  • Updated: 05 Nov 2012
The BP Statistical Review of World Energy provides timely and objective data about energy economics. Used by media, academia and world governments, the BP Statistical Review has been published every year since 1951. This info-video is a summary of the 2011 data, showing the shifts and trends of energy consumption, nuclear power generation and oil production, as well as renewable energy sources in both OECD and non-OECD economies. Find out what happened in global energy in 2011, from China surpassing the US as the largest generator of power, to the increase of coal consumption. For the full report of the BP Statistical Review of World Energy, visit bp.com/statisticalreview.
published: 13 Jun 2012
author: BPplc
views: 10348
http://web.archive.org./web/20121109012714/http://wn.com/BP Statistical Review of World Energy 2012
BP (Balak Palak) First Look - Upcoming Marathi Movie
  • Order:
  • Duration: 1:36
  • Updated: 08 Nov 2012
Official promo of much awaited movie BP (Balak - Palak) Directed and Co - Produced by Ravi Jadhav. Presented by Riteish Deshmukh and Uttung Hitendra Thakur. Cinematography by Mahesh Limaye. Story by Ambar Hadap, Ganesh Pandit. Music by Vishal- Shekhar. Lyrics by Guru Thakur, Ravi Jadhav. Executive Producer Meghna Jadhav. Screenplay and Dialogues by Ravi Jadhav, Ambar Hadap, Ganesh Pandit. Art Direction by Dilip More, Santosh Phutane. Editor Jayant Jathar. Background score by Chinar - Mahesh
published: 13 Sep 2012
author: bpthemovie
views: 69936
http://web.archive.org./web/20121109012714/http://wn.com/BP (Balak Palak) First Look - Upcoming Marathi Movie
The video BP doesn't want you to see
  • Order:
  • Duration: 3:49
  • Updated: 05 Nov 2012
Full story: bit.ly
published: 07 Jul 2011
views: 30211
http://web.archive.org./web/20121109012714/http://wn.com/The video BP doesn't want you to see
Boy on Trial for Killing Neo-Nazi Father
  • Order:
  • Duration: 5:36
  • Updated: 08 Nov 2012
"Both the prosecution and the defense involved in a trial set to start here on Monday basically agree on the following: Before dawn on May 1, 2011, 10-year-old Joseph Hall went to his family's living room armed with a snub-nosed revolver, pointed it at his father's head as he lay sleeping on the couch, and shot and killed him. Joseph eating a sandwich after a meeting that Mr. Hall held at his house a day before the killing. From there, the two sides are likely to differ on both the events that preceded the shooting and Joseph's exact motive, elements complicated by his age and the fact that his father, Jeff Hall, was a rabid neo-Nazi. And those facts raise several more philosophical quandaries that, depending on how the judge weighs the answers, may determine the outcome of the trial. Among them: whether virulent racism can amount to parental abuse, whether a child exposed to such hate can understand the difference between right and wrong, and whether someone who grows up in such toxic circumstances can be blamed for wanting a way out. The prosecutor, Michael Soccio, says that the actions of Joseph Hall have little to do with Nazism, but rather with his anger at being punished and spanked by his father at a party the day before the killing and the boy's worries that his father would leave his family. Though he says he sympathizes with Joseph and his upbringing — "There's a sweet side to him," Mr. Soccio said in an interview this month — he also has little doubt that the ...
published: 03 Nov 2012
views: 55166
http://web.archive.org./web/20121109012714/http://wn.com/Boy on Trial for Killing Neo-Nazi Father
BP OIL SPILL COCKTAIL *BIKINI INCLUDED!!!
  • Order:
  • Duration: 7:48
  • Updated: 01 Nov 2012
MICHELLE'S FACEBOOK: bit.ly - Twitter: bit.ly - michelleC.tv - BP chief Tony Hayward will step down in October. He'll need a stiff drink. and I recommend the World's Most Crude Cocktail, a BP Oil Spill. This dirty lil' Mocktail ain't your Grandpa's Texas Tea! To help the Gulf Oil Spill clean up, send your hair, fur, feather or fleece clippings to a MatterofTrust.org bit.ly It's easy for YOU to make an eco-friendly and charitable contribution.You're invited to subscribe to the party here for upcoming episodes of Naughty Tipples with Michelle Coudon. A BP Oil Spill Cocktail recipe includes surprise spirit of your choosing, blue curaçao, Midori (melon liqueur), fresh lime juice, soy sauce, balsamic vinegar, olive oil, aromatic bitters, fish-shaped candy, chocolate syrup and a festive cocktail parasol. Music by Dabra "Madrugada" (Daniel_s_remix) and "Cidade Sol" Loveshadow "We R 1", FuriousStereo "Rainha do Sol Remix" and Kcentric "Desaprendere" (featuring Silvia O. Silky Jazz Mix) all via www.ccmixter.org. Photo Credits Kim Betton / US Fish and Wildlife Service
published: 23 Jul 2010
author: vlogolution
views: 212960
http://web.archive.org./web/20121109012714/http://wn.com/BP OIL SPILL COCKTAIL *BIKINI INCLUDED!!!
BP CEO Bob Dudley on Gulf Response, Safety, US Energy Security and Restoring America's Trust
  • Order:
  • Duration: 24:45
  • Updated: 15 Oct 2012
Watch the full speech from BP CEO Bob Dudley on 1/13/12 in Chicago, where he spoke about the company's efforts to "earn back America's trust" through Gulf response, new safety initiatives and commitment to US energy security. For more on BP's efforts, please visit www.facebook.com/BPAmerica or www.bp.com.
published: 15 Jan 2012
author: BPplc
views: 3111
http://web.archive.org./web/20121109012714/http://wn.com/BP CEO Bob Dudley on Gulf Response, Safety, US Energy Security and Restoring America's Trust
What Is at Stake in the TNK-BP and Rosneft Deal
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  • Duration: 2:48
  • Updated: 31 Oct 2012
BP is close to a deal to sell its 50% stake in troubled Russian venture TNK-BP Ltd. to state oil company OAO Rosneft. WSJ's Dana Cimilluca explains what is at stake for each company and why the deals have been so problematic.
published: 18 Oct 2012
views: 217
http://web.archive.org./web/20121109012714/http://wn.com/What Is at Stake in the TNK-BP and Rosneft Deal
BP oil spill 2 years later
  • Order:
  • Duration: 3:27
  • Updated: 01 Nov 2012
Friday marked the two year anniversary of America's worst oil spill. British Petroleum was behind the disaster that took two months to maintain yet also spawned side-effects that caused a downward spiral in the economy, tourism and wildlife still to this day. In recent ads, images of green grass and beautiful water have been advertised in an attempt to lure people to the US Gulf coast. But is everything back to normal? Abby Martin takes a closer look at spill two years later. Like us and/or follow us: twitter.com www.facebook.com
published: 21 Apr 2012
author: RTAmerica
views: 22058
http://web.archive.org./web/20121109012714/http://wn.com/BP oil spill 2 years later
Vote BP for Greenwash Gold 2012
  • Order:
  • Duration: 1:24
  • Updated: 03 Nov 2012
Vote BP for Greenwash Gold 2012: www.greenwashgold.org BP's brand is all over the Olympics. Incredibly, it has landed the prestigious title of 'Sustainability Partner'. It is bankrolling educational and cultural initiatives, providing fuel for the Games, and sponsoring many athletes. The Olympics are the perfect vehicle for BP to try to convince the public that it is a good corporate citizen, playing an important social and environmental role. But BP is one of the most unsustainable companies on the planet. It is entirely focused on extracting every last fossil fuel it can get its hands on, including tar sands, the most destructive industrial project on the planet. If the Canadian tar sands are fully exploited as planned, they will contribute more than 10% of all the carbon emissions that humanity can afford to emit, ever, if we are to prevent runaway climate change. Extracting oil from tar sands also destroys swathes of boreal forest, uses huge amounts of fresh water, and causes soaring rates of illness in local communities. And despite the Deepwater Horizon disaster having permanently destroyed large portions of the Gulf Coast, BP is proudly restarting its deepwater drilling. It is also exploring the Arctic, where the volatile conditions make a Gulf-like spill both more likely to happen and much harder to control -- and such a disaster would cause unprecedented damage to the fragile ecoystem. Oh, and BP recently closed down its solar division, giving up on this ...
published: 15 Apr 2012
views: 15908
http://web.archive.org./web/20121109012714/http://wn.com/Vote BP for Greenwash Gold 2012
Gulf Oil Spill: BP Execs Escape Punishment as Disaster Continues To Impact Sea life. 1 of 2
  • Order:
  • Duration: 11:33
  • Updated: 30 Oct 2012
DemocracyNow.org - Two years since the worst offshore oil spill in US history, we look at its impact on the Gulf of Mexico's residents and wildlife even as no BP officials have faced criminal prosecution for the disaster. Eleven workers died when the Deepwater Horizon well exploded and almost five million barrels of crude oil leaked into the ocean before the well was plugged after 51 days. BP maintains the Gulf is rapidly recovering thanks to the company's efforts, but Al Jazeera reporter Dahr Jamail describes how scientists say shrimp, fish and crabs in the Gulf of Mexico have been deformed by oil and chemicals released during the spill clean-up effort. Meanwhile, ProPublica's environmental reporter Abrahm Lustgarten says the company failed to learn from past mistakes that could have helped avoid the explosion. He is the author of the new book, "Run to Failure: BP and the Making of the Deepwater Horizon Disaster." Watch part 2 of this interview: youtu.be To watch the complete independent, weekday news hour, read the transcript and download the podcast, please visit www.democracynow.org. You can also find many other reports about the BP oil spill disaster. FOLLOW DEMOCRACY NOW! ONLINE Facebook: www.facebook.com Twitter: @democracynow Subscribe on YouTube: www.youtube.com Listen on SoundCloud: www.soundcloud.com Daily Email News Digest: www.democracynow.org Please consider supporting independent media by making a donation to Democracy Now! today, visit www.democracynow.org
published: 23 Apr 2012
author: democracynow
views: 3592
http://web.archive.org./web/20121109012714/http://wn.com/Gulf Oil Spill: BP Execs Escape Punishment as Disaster Continues To Impact Sea life. 1 of 2
BP buys into Rosneft to stay in Russian game
  • Order:
  • Duration: 1:23
  • Updated: 23 Oct 2012
www.euronews.com BP is heading towards a fresh start in Russia after the announcement it has sold out its stake in the TNK-BP joint venture to state-owned oil giant Rosneft. It is a cash-and-share two-part deal worth in total some 42 billion euros, as in return BP also gets 19% of Rosneft, making it the second-largest shareholder after the Kremlin, and giving it a seat on the board. It promises to be a unique partnership, as analysts say BP will have little say in how Rosneft is run, which will primarily be in the interests of the Russian government and people. The new Rosneft will dominate the world market, but size is not everything. "Whether or not the creeping influence of the Russian state over these incredibly important sectors to the Russia economy is a good thing for investors remains to be seen. I rather suspect it isn't necessarily a good thing. Things may turn sour, particularly if oil prices start to fall," said Capital Economics' Neil Sheering. The Kremlin now exerts a much tighter hold on the economy than when companies like BP moved in in the 1990s, and Boris Yeltsin was desperate for foreign investment. While the deal does rid BP of a difficult business partner, AAR, there is no guarantee it has not swapped them for someone worse. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com
published: 22 Oct 2012
author: Euronews
views: 191
http://web.archive.org./web/20121109012714/http://wn.com/BP buys into Rosneft to stay in Russian game
Understanding Blood Pressure - Anatomy
  • Order:
  • Duration: 2:49
  • Updated: 08 Nov 2012
This is a biology/anatomy video for Grade 10-11 students about Blood Pressure, its causes and effects. The pressure with which blood flows in the blood vessels is called Blood Pressure or BP. BP is measured using a special device called Sphygmomanometer.
published: 01 Nov 2012
author: elearnin
views: 23793
http://web.archive.org./web/20121109012714/http://wn.com/Understanding Blood Pressure - Anatomy
  • BP Spills Coffee...2:49
  • BP: Attracting Females to take up STEM careers...3:51
  • BP Statistical Review of World Energy 2012...2:56
  • BP (Balak Palak) First Look - Upcoming Marathi Movie...1:36
  • The video BP doesn't want you to see...3:49
  • Boy on Trial for Killing Neo-Nazi Father...5:36
  • BP OIL SPILL COCKTAIL *BIKINI INCLUDED!!!...7:48
  • BP CEO Bob Dudley on Gulf Response, Safety, US Energy Security and Restoring America's Trust...24:45
  • What Is at Stake in the TNK-BP and Rosneft Deal...2:48
  • BP oil spill 2 years later...3:27
  • Vote BP for Greenwash Gold 2012...1:24
  • Gulf Oil Spill: BP Execs Escape Punishment as Disaster Continues To Impact Sea life. 1 of 2...11:33
  • BP buys into Rosneft to stay in Russian game...1:23
  • Understanding Blood Pressure - Anatomy...2:49
This is what happens when BP spills coffee. More comedy videos: www.UCBComedy.com Like UCB www.facebook.com Follow UCB: www.twitter.com Director: Peter Schultz & Brandon Bassham; Writers: Gavin Speiller, Eric Scott, Erik Tanouye, & John Frusciante; Editor: Peter Schultz, Starring: Eric Scott, Nat Freedberg, Kevin Cragg, Gavin Speiller, Kate McKinnon, John Frusciante, Zhubin Parang, Devlyn Corrigan, Erik Tanouye, Rob Lathan; Producer: Todd Bieber
published: 09 Jun 2010
author: UCBComedy
views: 12507889
2:49
BP Spills Cof­fee
This is what hap­pens when BP spills cof­fee. More com­e­dy videos: www.​UCBComedy.​com Like UCB...
pub­lished: 09 Jun 2010
au­thor: UCB­Com­e­dy
3:51
BP: At­tract­ing Fe­males to take up STEM ca­reers
BP re­cent­ly spon­sored the British Sci­ence Fes­ti­val in Ab­erdeen and is com­mit­ted to in­spiri...
pub­lished: 01 Nov 2012
au­thor: BPplc
2:56
BP Sta­tis­ti­cal Re­view of World En­er­gy 2012
The BP Sta­tis­ti­cal Re­view of World En­er­gy pro­vides time­ly and ob­jec­tive data about en­er­gy ...
pub­lished: 13 Jun 2012
au­thor: BPplc
1:36
BP (Balak Palak) First Look - Up­com­ing Marathi Movie
Of­fi­cial promo of much await­ed movie BP (Balak - Palak) Di­rect­ed and Co - Pro­duced by Ravi...
pub­lished: 13 Sep 2012
au­thor: bpthe­movie
3:49
The video BP doesn't want you to see
Full story: bit.​ly...
pub­lished: 07 Jul 2011
au­thor: WatchTheDai­ly
5:36
Boy on Trial for Killing Neo-Nazi Fa­ther
"Both the pros­e­cu­tion and the de­fense in­volved in a trial set to start here on Mon­day basi...
pub­lished: 03 Nov 2012
7:48
BP OIL SPILL COCK­TAIL *BIKI­NI IN­CLUD­ED!!!
MICHELLE'S FACE­BOOK: bit.​ly - Twit­ter: bit.​ly - michelleC.​tv - BP chief Tony Hay­ward will ...
pub­lished: 23 Jul 2010
24:45
BP CEO Bob Dud­ley on Gulf Re­sponse, Safe­ty, US En­er­gy Se­cu­ri­ty and Restor­ing Amer­i­ca's Trust
Watch the full speech from BP CEO Bob Dud­ley on 1/13/12 in Chica­go, where he spoke about t...
pub­lished: 15 Jan 2012
au­thor: BPplc
2:48
What Is at Stake in the TNK-BP and Ros­neft Deal
BP is close to a deal to sell its 50% stake in trou­bled Rus­sian ven­ture TNK-BP Ltd. to sta...
pub­lished: 18 Oct 2012
3:27
BP oil spill 2 years later
Fri­day marked the two year an­niver­sary of Amer­i­ca's worst oil spill. British Petroleum was...
pub­lished: 21 Apr 2012
au­thor: RTAmer­i­ca
1:24
Vote BP for Green­wash Gold 2012
Vote BP for Green­wash Gold 2012: www.​greenwashgold.​org BP's brand is all over the Olympics...
pub­lished: 15 Apr 2012
11:33
Gulf Oil Spill: BP Execs Es­cape Pun­ish­ment as Dis­as­ter Con­tin­ues To Im­pact Sea life. 1 of 2
DemocracyNow.​org - Two years since the worst off­shore oil spill in US his­to­ry, we look at ...
pub­lished: 23 Apr 2012
1:23
BP buys into Ros­neft to stay in Rus­sian game
www.​euronews.​com BP is head­ing to­wards a fresh start in Rus­sia after the an­nounce­ment it h...
pub­lished: 22 Oct 2012
au­thor: Eu­ronews
2:49
Un­der­stand­ing Blood Pres­sure - Anato­my
This is a bi­ol­o­gy/anato­my video for Grade 10-11 stu­dents about Blood Pres­sure, its caus­es ...
pub­lished: 01 Nov 2012
au­thor: elearnin
Vimeo results:
2:00
Oil'd
In April 2010 a mas­sive oil spill began in the Gulf. The en­tire coun­try was glued to the n...
pub­lished: 20 Apr 2011
au­thor: Chris Har­mon
1:00
Evo­lu­tion of the F1 Car
An an­i­mat­ed time­line of all F1 sea­sons: 1950-2012 A full in­fo­graph­ic is lo­cat­ed here: htt...
pub­lished: 01 Jun 2012
au­thor: Ruf Black­lock
2:11
BPS Foot­ball Match Time­lapse
Poland - Italy Foot­ball Match shot in time­lapse on 2011/11/11 in Wro­claw, Poland. This is ...
pub­lished: 24 Feb 2012
2:16
OIL & WATER DO NOT MIX
A pro­ject by Hap­pi­ness Brus­sels, de­signed by An­tho­ny Bur­rill. (http://​www.​anthony­bur­rill.c...
pub­lished: 12 Oct 2010

Youtube results:
1:01
BP's Com­mit­ment to Amer­i­ca
BP Op­er­a­tions Man­ag­er Fred Lemond pro­vides an overview of BP's con­tin­u­ing com­mit­ment to Am...
pub­lished: 22 Aug 2012
au­thor: BPplc
17:49
BP 11-07
I cre­at­ed this video with the YouTube Video Ed­i­tor (www.​youtube.​com...
pub­lished: 07 Nov 2012
au­thor: BYSCO­PUS
4:01
BP - Prob­lem Freestyle Asap Rocky, @Drake , @2Chainz , @K­endrick­La­mar
www.​facebook.​com twitter.​com BP - Prob­lem Freestyle Asap Rocky, Drake, 2 Chainz, Kendrick ...
pub­lished: 08 Nov 2012
au­thor: that­boi BP
9:42
BP Oil Spill Set­tle­ment, An­swers to your Ques­tions, Part 2
In part two of our con­ver­sa­tion with At­tor­ney's Rick Kuyk­endall and Wes Far­rell, thele­galb...
pub­lished: 06 Mar 2012
au­thor: LB­N­stu­dio
Photo: AP / Moises Castillo
Residents walk among rubble after a magnitude 7.4 earthquake struck in San Marcos, Guatemala, Wednesday Nov. 7, 2012.
Detroit news
08 Nov 2012
By Sonia Perez-Diaz and Romina Ruiz-Goiriena Associated Press Comments People chat with a police officer while standing in the rubble caused after a magnitude 7.4 earthquake struck Wednesday in San...



Photo: AP / Andres Kudacki
People pose with a picture of President Barack Obama during the Election Night Party 2012 following the U.S. Presidential Election, at the Intercontinental Hotel in Madrid, Spain, Wednesday, Nov. 7, 2012.
The Daily Telegraph
07 Nov 2012
Barack Obama claimed a second presidential term last night as a progressive coalition of women, minorities and young people came together to return America’s first black president to the White...



Photo: AP
Police surround the bodies of striking miners after opening fire on a crowd at the Lonmin Platinum Mine near Rustenburg, South Africa, Thursday, Aug. 16, 2012.
The Guardian
06 Nov 2012
The inquiry into the miners' deaths is showing how police doctored evidence and revealing a force that believes itself to be above South African law...



Photo: Public Domain / Shooke
Bran (German: Törzburg; Hungarian: Törcsvár) is a commune in Braşov County, Romania. It lies 30 km from the city of Braşov. Medieval Bran Castle, located in Bran, is a popular tourist destination as it is purported setting for Count Dracula, in Bram Stoker's Dracula".
The Guardian
08 Nov 2012
Irish novelist who created the best-known vampire in literary and film history was born 165 years ago Bram Stoker books celebrated in Google doodle....



Photo: US Navy / Mass Communication Specialist 1st Class Todd A. Schaffer
File - The Royal Navy submarine HMS Astute arrives at Naval Station Norfolk, 28 November, 2011. Astute is the first in a new class of British nuclear submarines that sets the standard for the Royal Navy in terms of weapons load, communication facilities and stealth.
Al Jazeera
06 Nov 2012
- At an unknown location somewhere deep beneath the world's oceans, a British submarine sits primed to launch up to 40 nuclear warheads with a collective destructive power almost 300 times greater...





The Guardian By Chris Baltimore NEW ORLEANS (Reuters) - BP Plc and lawyers representing over 100,000 individuals and businesses claiming economic and medical damages from the 2010 Gulf of Mexico oil spill on Thursday urged a U.S. judge to approve a proposed $7.8 billion (4.9 billion pounds) class-action...(size: 16.1Kb)
Daily Press There is a kind of clarity that an academic mind can bring to a complex subject like the energy crisis; there is a kind of information overload that a scholarly approach can produce as well. The new documentary "Switch" has a bit of both as it examines the many raw and refined materials that fuel...(size: 6.7Kb)
Reuters ANCHORAGE, Alaska Nov 8 (Reuters) - Alaska will collect $255 million related to BP Plc's pipeline leaks and a resulting shutdown in 2006 in the Prudhoe Bay oilfield, the state's Department...(size: 1.2Kb)
Reuters * Judge likely to approve settlement soon-legal experts * About 13,000 objectors challenging settlement grounds By Chris Baltimore NEW ORLEANS, Nov 8 (Reuters) - BP Plc and lawyers representing over 100,000 individuals and businesses claiming economic and medical damages from the 2010 Gulf of Mexico...(size: 3.9Kb)
CNBC ANCHORAGE, Alaska (Reuters) - Alaska will collect $255 million related to BP Plc's pipeline leaks and a resulting shutdown in 2006 in the Prudhoe Bay oilfield, the state's Department of Law said on Thursday. BP said in a statement that its share of the award was $66 million. Its major partners in...(size: 15.2Kb)
Houston Chronicle BP, plaintiffs' lawyers defend proposed deal on disaster By Emily Pickrell | November 8, 2012 Comments (0) E-mail Print...(size: 14.4Kb)
Houston Chronicle MARK THIESSEN, Associated Press | November 8, 2012 Comments (0) E-mail Print...(size: 12.0Kb)
Sacramento Bee ANCHORAGE, Alaska -- BP Exploration (Alaska) Inc. has been ordered to pay the state of Alaska $255 million for royalties on oil...(size: 0.8Kb)
The Guardian (Reuters) - BP Plc will pay the state of Alaska $255 million (159.5 million pounds) related to pipeline leaks and a resulting shutdown in 2006 in the Prudhoe Bay oilfield, the state's Department of Law said on Thursday....(size: 12.7Kb)
Houston Chronicle By Harry R. Weber | November 8, 2012 Comments (0) E-mail Print...(size: 13.6Kb)
Seattle Post ANCHORAGE, Alaska (AP) — BP Exploration (Alaska) Inc. has been ordered to pay the state of Alaska $255 million for...(size: 0.8Kb)
The Washington Post ANCHORAGE, AlaskaBP Exploration (Alaska) Inc. has been ordered to pay the state of Alaska $255 million for royalties on oil production lost during 2006 spills and subsequent pipeline shutdowns to replace pipe on the North Slope. The state announced the award, reached by arbitrators Oct. 31,...(size: 2.8Kb)
National Public Radio NEW YORK (AP) — Fuel shortages and distribution delays that led to gasoline hoarding have prompted New York City and Long Island to put into place an even-odd gas rationing plan to begin Friday at 6 a.m. in New York City and at 5 a.m. on Long Island. The temporary plan means that gasoline will be...(size: 4.9Kb)
BP p.l.c.
Type Public limited company
Traded as LSEBP, NYSEBP
Industry Oil and gas industry
Alternative energy
Founded 1909 (as the Anglo-Persian Oil Company)
1954 (as the British Petroleum Company)
1998 (merger of British Petroleum and Amoco)
Headquarters London, United Kingdom
Area served Worldwide
Key people Carl-Henric Svanberg (Chairman)
Bob Dudley (CEO)
Brian Gilvary (CFO)[1]
Products Petroleum
Natural gas
Motor fuels
Aviation fuels
Services Service stations
Revenue increase US$ 386.46 billion (2011)[2]
Operating income increase US$ 39.81 billion (2011)[2]
Net income increase US$ 25.70 billion (2011)[2]
Total assets increase US$ 290.92 billion (2011)[2]
Total equity increase US$ 111.46 billion (2011)[2]
Employees 79,700 (2011)[2]
Website www.bp.com

BP p.l.c.[3][4] (LSEBP, NYSEBP) is a British multinational oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by 2011 revenues and one of the six oil and gas "supermajors".[5][6] It is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has major renewable energy activities, including in biofuels and wind power.

BP has operations in over 80 countries, produces around 3.4 million barrels of oil equivalent per day and has 21,800 service stations worldwide.[7][8] Its largest division is BP America, which is the second-largest producer of oil and gas in the United States and is headquartered in Houston, Texas.[9] As of December 2011, BP had total proven commercial reserves of 17.75 billion barrels of oil equivalent.[10] The name "BP" derives from the initials of one of the company's former legal names, British Petroleum.[11][12]

BP has been involved in a number of major environmental and safety incidents and received criticism for its political influence. In 1997 it became the first major oil company to publicly acknowledge the need to take steps against climate change, and in that year established a company-wide target to reduce its emissions of greenhouse gases.[13] BP currently invests over US$1 billion per year in the development of renewable energy sources, and has committed to spend US$8 billion on renewables in the 2005 to 2015 period.[14]

BP has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of £87.1 billion as of 26 December 2011, the fourth-largest of any company listed on the London Stock Exchange.[15] It has a secondary listing on the New York Stock Exchange.

History[link]

1909 to 1979[link]

A 1922 BP advertisement

In May 1901, William Knox D'Arcy was granted a concession by the Shah of Iran to search for oil, which he discovered in May 1908.[16] This was the first commercially significant find in the Middle East. On 14 April 1909, the Anglo-Persian Oil Company (APOC) was incorporated as a subsidiary of Burmah Oil Company to exploit this.[16] In 1923, it employed future Prime Minister, Winston Churchill as a paid consultant, to lobby the British government to allow Burmah to have exclusive rights to Persian oil resources, which were successfully granted.[17] In 1935, it became the Anglo-Iranian Oil Company (AIOC).[16]

Following World War II, AIOC and the Iranian government initially resisted nationalist pressure to revise AIOC's concession terms still further in Iran's favour. But in March 1951, the pro-western Prime Minister Ali Razmara was assassinated.[18] The Majlis of Iran (parliament) elected a nationalist, Mohammed Mossadeq, as prime minister. In April, the Majlis nationalised the oil industry by unanimous vote.[19] The National Iranian Oil Company was formed as a result, displacing the AIOC.[20] The AIOC withdrew its management from Iran, and organised an effective boycott of Iranian oil. The British government – which owned the AIOC – contested the nationalisation at the International Court of Justice at The Hague, but its complaint was dismissed.[21]

By spring of 1953, incoming US President Dwight D. Eisenhower authorised the Central Intelligence Agency (CIA) to organise a coup against the Mossadeq government with support from the British government.[22] On 19 August 1953, Mossadeq was forced from office by the CIA conspiracy, involving the Shah and the Iranian military, and known by its codename, Operation Ajax.[22]

Mossadeq was replaced by pro-Western general Fazlollah Zahedi[23] and the Shah, who returned to Iran after having left the country briefly to await the outcome of the coup. The Shah abolished the democratic Constitution and assumed autocratic powers.

After the coup, Mossadeq's National Iranian Oil Company became an international consortium, and AIOC resumed operations in Iran as a member of it.[20] The consortium agreed to share profits on a 50–50 basis with Iran, "but not to open its books to Iranian auditors or to allow Iranians onto its board of directors."[24] AIOC, as a part of the Anglo-American coup d'état deal, was not allowed to monopolise Iranian oil as before. It was limited to a 40% share in a new international consortium. For the rest, 40% went to the five major American companies and 20% went to Royal Dutch Shell and Compagnie Française des Pétroles, now Total S.A..[25]

The AIOC became the British Petroleum Company in 1954. In 1959, the company expanded beyond the Middle East to Alaska[26] and in 1965 it was the first company to strike oil in the North Sea.[27] In 1978 the company acquired a controlling interest in Standard Oil of Ohio or Sohio, a breakoff of the former Standard Oil that had been broken up after anti-trust litigation.[28] In 1967 the giant oil tanker, the Torrey Canyon, foundered off the English coast, even though the ship was flying the well known flag of convenience, that of Liberia. The ship was in fact operated on behalf of BP. The Prime Minister of that time, 1967, had the ship bombed by RAF jet bombers, in an effort to break the ship up and sink it (see Torrey Canyon oil spill). This was unsuccessful, and the method has not been repeated. BP continued to operate in Iran until the Islamic Revolution in 1979. The new regime of Ayatollah Khomeini confiscated all of the company’s assets in Iran without compensation, bringing to an end its 70-year presence in Iran.

1979 to 2000[link]

File:BP old logo.svg
Classic shield logo, designed by Raymond Loewy and used until 2002

Sir Peter Walters was the company chairman from 1981 to 1990.[29] This was the era of the Thatcher government's privatisation strategy. The British government sold its entire holding in the company in several tranches between 1979 and 1987.[30] The sale process was marked by an attempt by the Kuwait Investment Authority, the investment arm of the Kuwait government, to acquire control of the company.[31] This was ultimately blocked by the strong opposition of the British government. In 1987, British Petroleum negotiated the acquisition of Britoil[32] and the remaining publicly traded shares of Standard Oil of Ohio.[28]

Walters was replaced by Robert Horton in 1989. Horton carried out a major corporate down-sizing exercise removing various tiers of management at the Head Office.[33]

Standard Oil of California and Gulf Oil merged in 1984, the largest merger in history at that time. Under the anti-trust regulation, SoCal divested many of Gulf's operating subsidiaries, and sold some Gulf stations and a refinery in the eastern United States.[34]

John Browne, who had been on the board as managing director since 1991, was appointed group chief executive in 1995.[35] Browne was responsible for three major acquisitions; Amoco, ARCO and Burmah-Castrol (see below).

2000 to 2010[link]

British Petroleum merged with Amoco (formerly Standard Oil of Indiana) in December 1998,[36] becoming BP Amoco plc.[37] In 2000, BP Amoco acquired Arco (Atlantic Richfield Co.)[38] and Burmah Castrol plc.[39] As part of the merger's brand awareness, the company helped the Tate Modern British Art launch RePresenting Britain 1500–2000[40] In 2001, the company formally renamed itself as BP plc[37] and adopted the tagline "Beyond Petroleum," which remains in use today. It states that BP was never meant to be an abbreviation of its tagline. Most Amoco stations in the United States were converted to BP's brand and corporate identity. In many states BP continued to sell Amoco branded petrol even in service stations with the BP identity as Amoco was rated the best petroleum brand by consumers for 16 consecutive years and also enjoyed one of the three highest brand loyalty reputations for petrol in the US, comparable only to Chevron and Shell. In May 2008, when the Amoco name was mostly phased out in favour of "BP Gasoline with Invigorate", promoting BP's new additive, the highest grade of BP petrol available in the United States was still called Amoco Ultimate.

Chief scientist, Steven Koonin (top right, with laptop), speaks about the energy scene in the boardroom in 2005.

In April 2004, BP decided to move most of its petrochemical businesses into a separate entity called Innovene within the BP Group. BP sought to sell the new company possibly via an initial public offering (IPO) in the US, and filed IPO plans for Innovene with the New York Stock Exchange on 12 September 2005. On 7 October 2005 BP announced that it had agreed to sell Innovene to INEOS, a privately held UK chemical company for $9 billion, thereby scrapping its plans for the IPO.[41] In 2005, BP announced that it would be leaving the Colorado market.[42] Many locations were re-branded as Conoco.[43] In 2006, when Chevron Corporation gave exclusive rights to the Texaco brand name in the US Texaco sold most of the BP gas stations in the southeast. BP has recently looked to grow its oil exploration activities in frontier areas such as the former Soviet Union for its future reserves.[44] In Russia, BP owns 50% of TNK-BP with the other half owned by three Russian billionaires. TNK-BP accounts for a fifth of BP's global reserves, a quarter of BP's production, and nearly a tenth of its global profits.[45]

In 2007, BP sold its corporate-owned convenience stores, typically known as "BP Connect", to local franchisees and jobbers.[46]

On 12 January 2007, it was announced that Lord Browne would retire as chief executive at the end of July 2007.[47] The new Chief Executive, Tony Hayward, had been head of exploration and production. It had been expected that Lord Browne would retire in February 2008 when he reached the age of 60, the standard retirement age at BP. Browne resigned abruptly from BP on 1 May 2007, following the lifting of a legal injunction preventing Associated Newspapers from publishing details about his gay lover. Hayward succeeded Browne with immediate effect.[48]

2010 to present[link]

On 1 October 2010, Bob Dudley replaced Tony Hayward as the company's CEO.[49]

On 15 January 2011, Rosneft and BP announced a deal to jointly develop East-Prinovozemelsky field on the Russian arctic shelf. As part of the deal, Rosneft will receive 5% of BP's shares (worth approximately $7.8 billion, as of January 2011) and BP will get approximately 9.5% of Rosneft's shares in exchange.[50] According to the deal, the two companies will also create an Arctic technology centre in Russia to develop technologies and engineering practices for safe arctic hydrocarbons extraction.[51]

In February 2011, BP formed a partnership with Reliance Industries, taking a 30 percent stake in a new Indian joint-venture for an initial payment of $7.2 billion.[52]

Operations[link]

Exploration and production[link]

BP's Exploration and Production division is responsible for the discovery, production and transportation of oil and gas to market. It operates in around 30 countries and employs more than 20,000 people.

Refining and Marketing[link]

BP's Refining and Marketing division is responsible for the supply and trading, refining, marketing and transportation of oil, gas and petroleum products.

Air BP[link]

A self-service Air BP fuelling station at the Kalamazoo/Battle Creek International Airport

Air BP is the aviation division of BP, providing aviation fuel, lubricants & services. It has operations in over 50 countries worldwide.

BP Shipping[link]

BP Shipping provides the logistics to move BP's oil and gas cargoes to market, as well as marine structural assurance[53] on everything that floats in the BP group. It manages a large fleet of vessels most of which are held on long-term operating leases. BP Shipping's chartering teams based in London, Singapore, and Chicago also charter third party vessels on both time charter and voyage charter basis.

The BP-managed fleet consists of Very Large Crude Carriers (VLCCs), one North Sea shuttle tanker, medium size crude and product carriers, liquefied natural gas (LNG) carriers, liquefied petroleum gas (LPG) carriers, and coasters. All of these ships are double-hulled.[54]

Castrol[link]

Castrol is a brand of industrial and automotive lubricants which is applied to a large range of BP oils, greases and similar products for most lubrication applications.

Service stations[link]

ampm[link]

ampm is a convenience store chain with branches located in several US states including Arizona, California, Nevada, Ohio, Oregon, Washington, recently in Illinois, Indiana, Georgia and Florida, and in several countries worldwide such as Japan. In the western US, the stores are usually attached to an ARCO gas station; elsewhere, the stores are attached to BP gas stations. BP Connect stations in the US are transitioning to the ampm brand.

Aral[link]
An Aral service station in Germany

In Germany and Luxembourg, BP operates its petrol retail chain under the name Aral after acquiring the majority of Veba Öl AG in 2001 and rebranding almost all of its BP filling stations to Aral.

ARCO[link]

ARCO is BP's retail brand on the US West Coast in the seven Western states of California, Oregon, Washington, Nevada, Idaho, Arizona, and Utah. BP acquired ARCO (formerly the Atlantic Richfield Company) in 2000. ARCO is a popular "cash only" retailer, selling products refined from Alaska North Slope crude at the Cherry Point Refinery in Washington, a plant in Los Angeles, and at other contract locations on the West Coast.

BP Connect[link]

BP Connect is BP's flagship retail brand name with BP Connect Service stations being operated around the UK, Europe, USA, Australia, New Zealand and other parts of the world. BP Connect sites feature the Wild Bean Cafe, which offers cafe-style coffee made by the staff and a selection of hot food as well as freshly baked muffins and sandwiches. The food offered in Wild Bean Cafe varies from each site. BP Connect sites usually offer table and chair seating and often an Internet kiosk. In the US, the BP Connect concept is gradually being transitioned to the ampm brand and concept. Some BP Connect sites around the UK ran in partnership with Marks & Spencer with the on-site shop being an M&S Simply Food instead of a BP Shop.

BP Express[link]

In the Netherlands, BP is opening unmanned stations with no shops or employees. These stations are called BP Express.[55] Some of these stations used to be 'ordinary' BP stations and others are new to the BP network. Apart from these stations, BP Express shopping does also exist in the Netherlands.

BP 2go[link]
A BP 2go branded service station in Australia

BP 2go is a franchise brand used for independently operated sites in New Zealand and Australia (although not all BP 2go stores are franchises in Australia). BP 2go offers similar bakery food to BP Connect but in a pre-packaged form.

BP Travel Centres[link]

BP Travel Centres are large-scale destination sites located in Australia which, on top of offering the same features of a BP Connect site with fuel and a Wild Bean Cafe, also feature major food-retail tenants such as McDonald's, KFC, Nando's and Krispy Kreme, with a large seating capacity food court. There are also facilities for long-haul truck drivers, including a lounge, showers and washing machines all in the same building.

BP Canada[link]

BP Canada operated retail locations in Canada from 1948 to 1982, which were sold and rebranded as Petro Canada.

Renewable energy[link]

Between 2005 and 2010, BP invested about $5 billion in its renewable energy business, mainly in biofuel and wind power projects. In 2011, BP planned to invest $1 billion in renewables, roughly the same amount it invested in 2010.[56]

In 2011, BP announced a plan to construct a biofuel refinery in the Southeastern US. In 2010, it took a full control of Vercipia Biofuels, a cellulosic ethanol producer originally established as a joint venture with Verenium Corporation. In Brazil, BP holds a 50% stake in Tropical BioEnergia and plans to operate two ethanol refineries. In the US BP has more than 1,200 megawatts (MW) of wind-powered electricity capacity and in July 2010 it began construction of the 250 MW Cedar Creek II Wind Farm in Colorado.[56]

BP's subsidiary BP Solar was a producer of solar panels since its purchase of Lucas Energy Systems in 1980 and Solarex (as part of its acquisition of Amoco) in 2000. Through a series of acquisitions in the solar power industry BP Solar became the third largest producer of solar panels in the world. BP Solar had a 20% world market share in photovoltaic panels in 2004 when it had a capacity to produce 90 MW/year of panels. Due to competition from China, BP closed its US plants in Frederick, Maryland as part of a transition to manufacturing in China.[57] In December 2011, BP Solar was closed and BP withdrew from the solar power industry, saying it was no longer profitable.[58][58][59][60]

Corporate affairs[link]

Senior management[link]

BP's world headquarters in St. James's, City of Westminster, London
The headquarters of BP America in Westlake Park, Houston

The current members of the BP board of directors are:[61]

Financial data[link]

Financial data in millions of US$
Year 2002 2003 2004 2005 2006 2007 2008 2009
Sales 180,186 236,045 294,849 249,465 265,906 284,365 361,341 239,272
EBITDA 22,941 28,200 37,825 41,453 44,835
Net results 6,845 10,267 15,961 22,341 22,000 20,845 21,157 16,578
Net debt 20,273 20,193 21,607 16,202 16,202
Source :OpesC

Company name[link]

A BP service station in Ohio, United States showing the previous 'Green Shield' branding

Until 31 December 1998 the company was formally registered as the British Petroleum Company plc. Following a merger with Amoco the company adopted the name BP Amoco plc in January 1999, which was retained until May 2001 when the company was renamed BP p.l.c.[62][63] In the first quarter of 2001 the company adopted the marketing name of BP, replaced its “Green Shield” logo with the Helios symbol, a green and yellow sunflower pattern, and introduced a new corporate slogan – “Beyond Petroleum”. The transition to the name and logo was managed by the advertising agency Ogilvy & Mather and the PR consultants, Ogilvy PR.[64] The Helios logo (Helios is the name of the Greek sun god), is designed to represent energy in its many forms. BP's tagline, "Beyond Petroleum", according to the company represents their focus on meeting the growing demand for fossil fuels, manufacturing and delivering more advanced products, and enabling the material transition to a lower carbon future.[65]

Environmental record[link]

BP was named by Multinational Monitor as one of the ten worst corporations in both 2001 and 2005 based on its environmental and human rights records.[66] In 1991 BP was cited as the most polluting company in the US based on EPA toxic release data. BP has been charged with burning polluted gases at its Ohio refinery (for which it was fined $1.7 million), and in July 2000 BP paid a $10 million fine to the EPA for its management of its US refineries.[67] According to PIRG research, between January 1997 and March 1998, BP was responsible for 104 oil spills.[68] BP patented the Dracone Barge to aid in oil spill clean-ups across the world.[69]

As of 11 February 2007, BP announced that it would spend $8 billion over ten years to research alternative methods of fuel, including natural gas, hydrogen, solar, and wind. A $500 million grant to the University of California, Berkeley, Lawrence Berkeley National Laboratory, and the University of Illinois at Urbana-Champaign, to create an Energy Biosciences Institute[70] has recently come under attack, over concerns about the global impacts of the research and privatisation of public universities.[71]

BP's investment in green technologies peaked at 4% of its exploratory budget, but they have since closed their alternative energy headquarters in London. As such they invest more than other oil companies, but it has been called greenwashing due to the small proportion of the overall budget.[72] BP was a nominee for the 2009 Greenwash Awards for deliberately exaggerating its environmental credentials. According to Greenpeace in 2008 BP invested $20 billion in fossil fuels, but only $1.5 billion in all alternative forms of energy.[73]

In July 2006, critics pointed to the relative lack of press coverage about a spill of 270,000 gallons of crude oil that spread into the Alaskan tundra, noting this as evidence that BP had successfully greenwashed its image, while maintaining environmentally unsound practices.[74][75]

In 2008, BP was awarded a satirical prize, the "Emerald Paintbrush" award, from Greenpeace UK. The "Emerald Paintbrush" award was given to BP in order to highlight its alleged greenwashing campaign. Critics point out that while BP advertises its activities in alternative energy sources, the majority of its capital investments continue to go into fossil fuels.[76] BP was also one nominee for the 2009 Greenwash Awards.[77]

Climate change[link]

BP was a founding sponsor of the University of East Anglia's Climatic Research Unit in 1971, the research unit that was at the center of an email hacking controversy in November 2009.[78]

BP Amoco was a member of the Global Climate Coalition an industry organisation established to promote global warming scepticism but withdrew in 1997, saying "the time to consider the policy dimensions of climate change is not when the link between greenhouse gases and climate change is conclusively proven, but when the possibility cannot be discounted and is taken seriously by the society of which we are part. We in BP have reached that point.".[79]

In March 2002, Lord Browne of Madingley declared in a speech that global warming was real and that urgent action was needed, saying that "Companies composed of highly skilled and trained people can't live in denial of mounting evidence gathered by hundreds of the most reputable scientists in the world."[80]

BP is a sponsor of the Scripps Institution CO2 program to measure carbon dioxide levels in the atmosphere.[81]

Hazardous substance dumping 1993–1995[link]

In September 1999, one of BP’s US subsidiaries, BP Exploration Alaska (BPXA), agreed to resolve charges related to the illegal dumping of hazardous wastes on the Alaska North Slope, for $22 million. The settlement included the maximum $500,000 criminal fine, $6.5 million in civil penalties, and BP’s establishment of a $15 million environmental management system at all of BP facilities in the US and Gulf of Mexico that are engaged in oil exploration, drilling or production. The charges stemmed from the 1993 to 1995 dumping of hazardous wastes on Endicott Island, Alaska by BP’s contractor Doyon Drilling. 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. BPXA failed to report the illegal injections when it learned of the conduct, in violation of the Comprehensive Environmental Response, Compensation and Liability Act.[82]

Prudhoe Bay 2006–2007[link]

BP's Alaska office in Anchorage

In August 2006, BP shut down oil operations in Prudhoe Bay, Alaska, due to corrosion in pipelines leading up to the Alaska Pipeline. The wells were leaking insulating agent called Arctic pack, consisting of crude oil and diesel fuel, between the wells and ice.[83] BP had spilled over one million litres of oil in Alaska's North Slope.[84] This corrosion is caused by sediment collecting in the bottom of the pipe, protecting corrosive bacteria from chemicals sent through the pipeline to fight these bacteria. There are estimates that about 5,000 barrels (790 m3) of oil were released from the pipeline. To date 1,513 barrels (240.5 m3) of liquids, about 5,200 cubic yards (4,000 m3) of soiled snow and 328 cubic yards (251 m3) of soiled gravel have been recovered. After approval from the DOT, only the eastern portion of the field was shut down, resulting in a reduction of 200,000 barrels per day (32,000 m3/d) until work began to bring the eastern field to full production on 2 October 2006.[85]

In May 2007, the company announced another partial field shutdown owing to leaks of water at a separation plant. Their action was interpreted as another example of fallout from a decision to cut maintenance of the pipeline and associated facilities.[86]

On 16 October 2007, Alaska Department of Environmental Conservation officials reported a toxic spill of methanol (methyl alcohol) at the Prudhoe Bay oil field managed by BP PLC. Nearly 2,000 gallons of mostly methanol, mixed with some crude oil and water, spilled onto a frozen tundra pond as well as a gravel pad from a pipeline. Methanol, which is poisonous to plants and animals, is used to clear ice from the insides of the Arctic-based pipelines.[87]

2010 Texas City chemical leak[link]

Two weeks prior to the Deepwater Horizon explosion, BP admitted that malfunctioning equipment lead to the release of over 530,000 lbs of chemicals into the air of Texas City and surrounding areas from 6 April to 16 May. The leak included 17,000 pounds of benzene (a known carcinogen), 37,000 pounds of nitrogen oxides (which contribute to respiratory problems), and 186,000 pounds of carbon monoxide.[88][89]

2010 Deepwater Horizon oil spill[link]

Anchor handling tugs combat the fire on the Deepwater Horizon while the United States Coast Guard searches for missing crew.
Public protest in New Orleans following the Deepwater Horizon oil spill.

On 20 April 2010, the semi-submersible exploratory offshore drilling rig Deepwater Horizon exploded after a blowout; it sank two days later, killing 11 people. This blowout in the Macondo Prospect field in the Gulf of Mexico resulted in a partially capped oil well one mile below the surface of the water. Experts estimate that the gusher flowed at a rate of 35,000 to 60,000 barrels per day (5,600 to 9,500 m3/d) of oil.[90][91][92] The exact flow rate was uncertain due to the difficulty of installing measurement devices at that depth and is a matter of ongoing debate.[93] The resulting oil slick covered at least 2,500 square miles (6,500 km2), fluctuating from day to day depending on weather conditions.[94] It threatened the coasts of Louisiana, Mississippi, Alabama, Texas, and Florida.

The drilling rig was owned and operated by Transocean Ltd[95] on behalf of BP, which is the majority owner of the Macondo oil field. At the time of the explosion, there were 126 crew on board; seven were employees of BP and 79 of Transocean. There were also employees of various other companies involved in the drilling operation, including Anadarko, Halliburton and M-I Swaco.[96]

The US Government named BP the responsible party, and officials committed to hold the company accountable for all clean-up costs and other damage.[97][98] BP stated that it would harness all of its resources to battle the oil spill, spending $7 million a day with its partners to try to contain the disaster.[99] In comparison, BP's 1st quarter profits for 2010 were approximately $61 million per day.[100] BP agreed to create a $20 billion spill response fund administered by Kenneth Feinberg.[101][102][103] The size of fund is not a cap or a floor on BP's liabilities. BP paid $3 billion in the third quarter of 2010 and $2 billion in the fourth quarter into the fund, followed payments of $1.25 billion per quarter until the total of $20 billion is reached. In the interim, BP has posted US assets worth $20 billion as bond. In order to fund the payments, BP cut its capital spending budget, sold $10 billion in assets, and dropped its dividend.[101][104] BP has also been targeted in litigation over the claims process it put in place for victims. A class action lawsuit was filed against BP and its initial claims administrator, the ACE, Ltd. Insurance Group company ESIS.[105]

BP began testing the tighter-fitted cap designed to stop the flow of oil into the Gulf of Mexico from a broken well for the first time in almost three months.[106] The test began Wednesday, 14 July 2010 with BP shutting off pipes that were funnelling some of the oil to ships on the surface, so the full force of the gusher went up into the cap.[106] Then deep-sea robots began slowly closing – one at a time – three openings in the cap that let oil pass through.[106] Ultimately, the flow of crude was stopped.[106] All along, engineers were watching pressure readings to learn whether the well is intact.[106] Former coast guard admiral Thad Allen, the Obama administration's point man on the disaster, said the government gave the testing go-ahead after carefully reviewing the risks.[106] "What we didn't want to do is compound that problem by making an irreversible mistake," he said.[106]

Mist mountain project[link]

There have been some calls by environmental groups for BP to halt its "Mist Mountain" Coalbed Methane Project in the Southern Rocky Mountains of British Columbia and for the UN to investigate the mining activities.[107] The proposed 500 km² project is directly adjacent to the Waterton-Glacier International Peace Park.[108]

Canadian oil sands[link]

BP is one of numerous firms who are extracting oil from Canadian oil sands, a process that produces four times as much CO2 as conventional drilling.[109] The Cree First Nation describe this as 'the biggest environmental crime on the planet'.[110]

Safety record[link]

1965 Sea Gem offshore oil rig disaster[link]

In December 1965, while the BP oil rig Sea Gem was being moved, two of its legs collapsed and the rig capsised. Thirteen crew were killed. Sea Gem was the first British offshore oil rig.[111]

2005 Texas City Refinery explosion[link]

In March 2005, BP's Texas City, Texas refinery, one of its largest refineries, exploded causing 15 deaths, injuring 180 people and forcing thousands of nearby residents to remain sheltered in their homes.[112] A large[clarification needed]column filled with hydrocarbon overflowed to form a vapour cloud, which ignited. The explosion caused all the casualties and substantial damage to the rest of the plant. The incident came as the culmination of a series of less serious accidents at the refinery, and the engineering problems were not addressed by the management. Maintenance and safety at the plant had been cut as a cost-saving measure, the responsibility ultimately resting with executives in London.[113]

The fallout from the accident continues to cloud BP's corporate image because of the mismanagement at the plant. There have been several investigations of the disaster, the most recent being that from the US Chemical Safety and Hazard Investigation Board[114] which "offered a scathing assessment of the company." OSHA found "organizational and safety deficiencies at all levels of the BP Corporation" and said management failures could be traced from Texas to London.[112]

The company pleaded guilty to a felony violation of the Clean Air Act, was fined $50 million, and sentenced to three years probation.

On 30 October 2009, the US Occupational Safety and Health Administration (OSHA) fined BP an additional $87 million—the largest fine in OSHA history—for failing to correct safety hazards revealed in the 2005 explosion. Inspectors found 270 safety violations that had been previously cited but not fixed and 439 new violations. BP is appealing that fine.[112][115] (see #Environmental record).

2006–2010: Refinery fatalities and safety violations[link]

From January 2006 to January 2008, three workers were killed at the company's Texas City, Texas refinery in three separate accidents. In July 2006 a worker was crushed between a pipe stack and mechanical lift, in June 2007, a worker was electrocuted, and in January 2008, a worker was killed by a 500-pound piece of metal that came loose under high pressure and hit him.[116]

Facing scrutiny after the Texas City Refinery explosion, two BP-owned refineries in Texas City, and Toledo, were responsible for 97 percent (829 of 851) of wilful safety violations by oil refiners between June 2007 and February 2010, as determined by inspections by the Occupational Safety and Health Administration. Jordan Barab, 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."[117]

Disclosed US diplomatic cables by WikiLeaks revealed that BP had covered up a gas leak and blowout incident in September 2008 at a gas field under production in the Azeri-Chirag-Guneshi area of the Azerbaijan Caspian Sea. According to the cables, BP was lucky to have been able to evacuate everyone safely given the explosive potential. BP did not only hold back information to the public about the incident but even upset its partner firms in limiting the information shared. In January 2009, BP blamed a bad cement job as the cause for the incident. The Guardian noted a striking resemblance with the later oil spill disaster in the Gulf of Mexico.[118]

2010 Deepwater Horizon well explosion[link]

The 20 April 2010 explosion on BP's offshore drilling rig in the Gulf of Mexico resulted in the deaths of 11 people.[119][120][121]

Political record[link]

2007 propane price manipulation[link]

Four BP energy traders in Houston were charged with manipulating prices of propane in October 2007. As part of the settlement of the case, BP paid the US government a $303 million fine, the largest commodity market settlement ever in the US. The settlement included a $125 million civil fine to the Commodity Futures Trading Commission, $100 million to the Justice Department, $53.3 million to a restitution fund for purchasers of the propane BP sold, and $25 million to a US Postal Service consumer fraud education fund.[122][123]

2008: Oil price manipulation[link]

In May 2010, the Supreme Court of Arbitration of the Russian Federation agreed in support of the country’s antimonopoly service’s decision to a 1.1 billion Ruble fine ($35.2 million) against TNK/BP, a 50/50 joint venture, for abusing anti-trust legislation and setting artificially high oil products prices in 2008, TNK and BP declined comment.[124]

Baku–Tbilisi–Ceyhan pipeline[link]

BP has been criticised for its involvement with Baku–Tbilisi–Ceyhan pipeline due to human rights, environmental and safety concerns.[125]

Colombian pipeline[link]

In July 2006, a group of Colombian farmers won a multi-million pound settlement from BP after the company was accused of benefiting from a regime of terror carried out by Colombian government paramilitaries to protect the 450-mile (720 km) Ocensa pipeline.[126]

Contributions to political campaigns[link]

According to the Center for Responsive Politics, BP is the United States' hundredth largest donor to political campaigns, having contributed more than US$5 million since 1990, 72% and 28% of which went to Republican and Democratic recipients, respectively. BP has lobbied to gain exemptions from US corporate law reforms.[127] Additionally, BP paid the Podesta Group, a Washington, D.C.-based lobbying firm, $160,000 in the first half of 2007 to manage its congressional and government relations.[128]

In February 2002, BP's chief executive, Lord Browne of Madingley, renounced the practice of corporate campaign contributions, noting: "That's why we've decided, as a global policy, that from now on we will make no political contributions from corporate funds anywhere in the world."[129]

Despite this, in 2009 BP used nearly US$16 million to lobby US Congress, breaking the company's previous record (from 2008) of US$10.4 million.[130]

See also[link]

References[link]

  1. ^ "Executive Compensation at BP". http://www.neumann-compensation.com/managers/company/bp-plc/. Retrieved 12 Jul. 2010. 
  2. ^ a b c d e f "Annual Results 2011" (PDF). BP. 2 February 2010. http://www.google.com/finance?q=NYSE:BP&fstype=ii. Retrieved 11 Jun. 2010. 
  3. ^ "BP plc 2009 Securities and Exchange Commission Form 20-F" (PDF) (Press release). BP plc. 2010. http://www.bp.com/liveassets/bp_internet/globalbp/STAGING/global_assets/downloads/I/BP_20-F_2009.pdf. Retrieved 11 Jun. 2010. 
  4. ^ "Across Atlantic, Much Ado About Oil Company’s Name". The New York Times. 12 Jun. 2010. http://www.nytimes.com/2010/06/13/us/politics/13bp.html. Retrieved 17 Jun. 2010. 
  5. ^ "Global 500 – 1-100". Fortune. 25 July 2011. http://money.cnn.com/magazines/fortune/global500/2011/full_list/index.html. Retrieved 15 March 2012. 
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Further reading[link]

  • Ferrier, R.W. (1982). The History of the British Petroleum Company: The Developing Years 1901–1932. vol. I. Cambridge: Cambridge University Press. ISBN 0-521-24647-4. 
  • Bamberg, James H (1994). The History of the British Petroleum Company: The Anglo-Iranian Years, 1928–1954. vol. II. Cambridge: Cambridge University Press. ISBN 0-521-25950-9. 
  • Bamberg, James H (2000). The History of the British Petroleum Company: British Petroleum and Global Oil, 1950–1975: The Challenge of Nationalism. vol. III. Cambridge: Cambridge University Press. ISBN 0-521-25951-7. 
  • Meyer, Karl E; Brysac, Shareen (2008). Kingmakers: The Invention of the Modern Middle East. New York: W.W. Norton. ISBN [[Special:BookSources/97803930619944|97803930619944]]. 

External links[link]

Official[link]

Other[link]

http://wn.com/BP

Related pages:

http://it.wn.com/BP (azienda)

http://cs.wn.com/BP (firma)

http://id.wn.com/Bp

http://es.wn.com/BP

http://ru.wn.com/BP

http://nl.wn.com/BP (oliemaatschappij)

http://pl.wn.com/BP (koncern)

http://fr.wn.com/BP (entreprise)

http://de.wn.com/BP

http://pt.wn.com/BP




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