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BP produces hydrocarbons from fields on land as well as under water. Their operations are global: Africa, Asia and Middle East, Australia, Europe, South America and North America.
In the U.S., the Federal Government regulates exploration and production operations in Federal Waters, through the Bureau of Ocean Energy Management (formerly Minerals Management Service). This organization has jurisdiction over the Exclusive Economic Zone (200 miles from shore, excluding the first 12 miles). This is also known as Federal Waters. Within the first 12 miles from shore (a.k.a. State Waters), exploration and production operations are regulated by the individual States.
1.- It is true that offshore drilling (especially in deepwater, which is defined as 1500 ft or deeper) is a controversial subject with many people. If an oil spill occurs it will be more difficult to control than if it occurs onshore or in shallow water. However, rising energy needs and depletion of old fields onshore and on the continental shelf forces oil companies to explore for hydrocarbons in water depths of 10,000 ft and even deeper.
2.- It is not accurate to state that "the drilling by any company must not be near the shore". In the U.S., any oil company that holds a valid lease offshore in the Gulf of Mexico can apply for a drilling permit with the Bureau of Ocean Energy Management or with a state government (i.e. Texas or Louisiana), depending on whether their lease is in State Waters or in Federal Waters. Development as well as exploration wells are drilled daily within Federal Waters, State Waters as well as onshore.
3.- It is reasonable to expect that "the 2010 Gulf of Mexico oil spill will likely be used as one of the strongest arguments against allowing offshore drilling any nearer to land." It is a fact that the Bureau of Ocean Energy Management has greatly tightened the rules for issuing drilling permits following the Macondo spill, and it has become very difficult to obtain a permit to drill an exploration well in deepwater Gulf of Mexico.
4.- "BP" does not stand for British Petroleum anymore. The name of the corporation is simply "BP Plc". It is an international corporation traded in London and New York, with headquarters in London and an American CEO.
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Which US oil company did the BP Oil Company buy out?
arco and amoco
What corporation owns BP?
BP is owned by BP also known as British Petroleum. It is headquartered in London, England and is the 6th largest oil company in the world.
Does BP own Shell?
No, they are two completely separate and competing oil companies.
What is the name of the largest oil company of the world?
The British Petroleum(BP) who are responsible for the oil spill but they are still the biggest company regarding the oil spills.
Who owns BP oil company?
BP is mostly British AND American - 40% shareholders are British and 39% are US. Thus 21% are owned by shareholders in a number of other countries. Hence, it is, arguably, not a British or American company in the true sense but a multinational one.Note also, while the CEO is British, the Chairman is Swedish.While the parent company of the Group, BP plc, is registered in Britain, different parts of the BP Group are registered companies in different countries, including the USA, Britain and Russia, to name just three.Plus, BP is more correctly known as BP, and NOT British Petroleum. It has not been legally known as British Petroleum since 2001, when BP merged with the US company AMOCO.The company within the group that is actually closest associated with the Gulf oil spill is actually BP USA Inc.It is, therefore, argued that BP USA Inc that should be burdened with the cost of the oil spill cleanup, and not the whole of the BP international group.
What problems did the BP have with the oil spill in the gulf?
BP was the company who owned the oil that caused the oil spill.
Does the capped pipe ever leak from bp oil spill?
The Deepwater Horizon oil spill (also referred to as the BP oil spill, the BP oil announced that BP would be temporarily banned from new contracts with the US.
What does Bp stand for in the BP oil spill?
BP stands for British Petroleum.
States that were afected by the BP oil spill?
Which states were affected by the bp oil spill?
How many occurrences of oil spills has BP had?
BP has had 2 major oil spills: The BP Alaskan oil spill of 2006, and the 2010 Gulf of Mexico Oil spill of 2010.
Who is BP?
BP = British Petroleum, an oil company
Why is the oil spill named bp?
BP was the large energy company who was in charge of final operations at the site of the BP oil spill.
What sector of the economy is BP in?
I'll have to make a few assumptions here: A. BP is British Petroleum; B. BP drills for oil in Country ABC; and C. BP sells oil to Country XYZ. In this scenario the oil BP sells in ABC is listed as an export product. If specific to oil and not oil products or gas, then it's Oil under exports.
What is meaning of bp the gas station?
BP is the registered name and trademark of BP oil.
When did the BP oil spill start?
The BP oil spill began on April 22, 2010.
Where does BP purchase their oil?
BP purchases its oil from OPEC countries such as Angola, Iraq, Saudi Arabia, Venezuela and Nigeria. BP is a multinational oil company and is headquartered in London
What is the BP oil spill?
The BP oil spill can refer to either the BP oil spill of March 2, 2006 in Prudhoe Bay, Alaska. BP oil spill of April 20, 2010 in the Macondo Prospect oil field in the Gulf of Mexico, on the Deepwater Horizon drilling rig.
