Energy Case Study: BP

 (British Petroleum)
BP is a British multinational oil and gas company headquartered in London, United Kingdom. Founded in 1909 as an Anglo-Persian Oil Company, then in 1954 as BP (British Petroleum).
• Employees: 83,000+ in 70 countries
• Revenue: US$ 383.57 billion or £247.13 billion
• It is fourth-largest company in the world (measured by 2011 revenues)
• It is one of the six oil and gas "supermajors”.
• It operates in all areas of the oil and gas industry, this includes; exploration and production, power generation, refining, distribution and marketing, petrochemicals, and trading.
• It also has renewable energy activities in biofuels and wind power.                    
 
• Products:
-Petroleum  
-Aviation fuel
-Natural gas 
-Motor fuels
                       
• Transport:
-Pipeline: The Baku-Tibilisi-Ceyhan, or BTC, pipeline was one of Bp’s most ambitious pipeline projects in recent years.
It spans 1,760 kilometres of rugged terrain, this includes 1,500 river crossings along the way. After more than six years of planning and construction, including consultations with governments, environmental groups and the communities along its route, it began transporting oil from Azerbaijan to Turkey in 2006.                                                                                                  -Tankers: 77 managed vessels; BP Shipping operates an international fleet of crude oil tankers, product tankers and LNG (liquefied natural gas) carriers. These transport energy products all over the world. The ships are crewed by around 2,300 seafarers, supported by about 600 on shore staff and they lead the industry in terms of health and safety performance.
• Active in about 70 countries with Refineries in USA, UK, Germany, South Africa, China, Spain, Australia, and many more.
• Daily refined product sales; 5,776 thousand barrels (year 2011)
 
 
• Producing:
-In 2012, BP produced 675,000 barrels of oil equivalent every day in the US. This amounts to more than 20% of BP’s global production of 3.3 million in 2012.
-BP produces from more than 15 fields in the Gulf of Mexico, including Thunder Horse and Atlantis, two of the Gulf’s largest and deepest fields.
 
• Exploring:
- BP has been exploring the deep-water Gulf of Mexico for more than a quarter of a century and was the largest producer of oil and gas there in 2012.
 
• Negative Info: Gulf of Mexico Oil Spill
-The largest accidental marine oil spill in the history of the petroleum industry. Its source was a sea-floor oil gusher resulting from the 20 April 2010 Deep-water Horizon explosion which claimed 11 lives.                                                                                  
-The response plan to protect beaches, wetlands, and estuaries from the spreading oil employed various methods including skimmer ships, floating boom, controlled burns, and an estimated 2 million US gallons (7,600 m³) of Corexit oil dispersant.              
-The spill and its clean up caused human health problems as well as extensive damage to marine and wildlife habitats and the Gulf's fishing and tourism industries.                                                                                                                                       
-By July 2011, roughly 491 miles (790 km) of coastline in Louisiana, Mississippi, Alabama and Florida remained contaminated by oil.                                                              
 -In January 2011 the White House oil spill commission released its final report on the causes of the spill. They blamed BP and its partners for making a series of cost-cutting decisions and the lack of a system to ensure well safety.                                                
 -After its own internal probe, BP admitted that it made mistakes which led to the spill. In June 2010 BP set up a $20 billion fund to compensate victims of the spill.