British Petrolium

------------------------------------------------- BOWALA D.K. (E/07/044) ------------------------------------------------- British Petroleum disaster British Petroleum is a British-based globose might company which is the third largest energy company and the quarter largest company in the world. The company is among the largest private sector energy corporations in the world and is virtuoso of the six super major league which refers to vertically integrated private sector  anele exploration,  earthy gas, and petroleum product marketing companies. The company is listed on the capital of the United Kingdom Stock Exchange, the New York Stock Exchange, and is a constituent of the FTSE c Index. Even though BP is a one of major anoint companies in the world, it had to face many conflicts recently. On April 20, 2010, a semi-submersible wildcat offshore bore rig Deepwater Horizon  exploded  aft(prenominal) a blow start and sank two days later, while drilling at the Macondo Prospect in the Gulf of Mexico, killing cardinal nation and causing a massive oil sack threatening the coast of Louisiana, Mississippi, Alabama, Texas, and Florida. The rig is owned and operated by Transocean Ltd on behalf of BP.

Since BP is the majority owner of the Macondo Prospect they have been pointed as one of the offenders of the catastrophe. Ever since the rig exploded on April 20 and oil spewed in large volumes into the Gulf of Mexico, plaintiff lawyers, corporate defense team attorneys and law enforcement experts have all been trying to work out what the cost of criminal and well-behaved fines, shareholder litigation, the clean-up and lawsuits from local people and businesses will be to the company. Among the most serious claims facing the company, twain in financial and reputational terms, lie in the criminal and civil investigations launched by the US government. There are a throw off of laws that prosecutors could use against BP, including the... If you want to get a full essay, beau monde it on our website: Orderessay

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