BP Oil Spill

A 2010 oil spill that occurred in the Gulf of Mexico as a result of the explosion and sinking of the Deepwater Horizon oil rig. The rig was owned by an offshore drilling contractor, Transocean, and was leased to BP for exploration of the Macondo Prospect, an oil field off the coast of Louisiana. Due to extensive damage to the wellhead and the depth at which the damage occurred, BP was unable to stop the flow of oil for several months. Estimates place the total volume of oil released at over 200 million gallons. The United States placed liability with BP, and required the company to pay cleanup and economic impact costs.

Reaction to the oil spill was a public relations nightmare for BP. The United States government temporarily halted all offshore oil drilling activities, which resulted in several legal battles between states and the federal government. While the ultimate blame for the disaster was laid on BP, BP brought suit against the oil rig operators, designers and manufacturers. The volume of oil leaked into the Gulf of Mexico threatened the commercial interests, including fishing and tourism, of several states. As of 2010, it was the largest oil spill in United States history.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Oil spill — Spill Spill, n. [[root]170. Cf. {Spell} a splinter.] 1. A bit of wood split off; a splinter. [Obs. or Prov. Eng.] [1913 Webster] 2. A slender piece of anything. Specifically: [1913 Webster] (a) A peg or pin for plugging a hole, as in a cask; a… …   The Collaborative International Dictionary of English

  • oil spill — n. A layer of oil floating on water or covering the shoreline of a body of water; usually petroleum which has leaked from an oil tanker. [PJC] …   The Collaborative International Dictionary of English

  • Oil Spill Eater II — is a biocatalytic system of preformed multi enzyme liquid concentrate. When combined with fresh or salt water and oxygen, it will cause crude oil and other organic substances to rapidly decompose, eventually biodegrading them to carbon dioxide… …   Wikipedia

  • Oil spill — A squid after an oil spill Oil Sick from th …   Wikipedia

  • Oil spill governance in the United States — This article covers oil spill governance under United States federal law. Contents 1 Introduction 2 Timeline of key events 3 Governance framework 3.1 Legislation governing oil spill …   Wikipedia

  • oil spill combating — naftos produktų atliekų šalinimas statusas T sritis ekologija ir aplinkotyra apibrėžtis Visuma priemonių, kuriomis siekiama apsaugoti aplinką nuo taršos naftos produktų atliekomis. atitikmenys: angl. oil pollution abatement; oil spill combating;… …   Ekologijos terminų aiškinamasis žodynas

  • oil spill control — naftos produktų atliekų šalinimas statusas T sritis ekologija ir aplinkotyra apibrėžtis Visuma priemonių, kuriomis siekiama apsaugoti aplinką nuo taršos naftos produktų atliekomis. atitikmenys: angl. oil pollution abatement; oil spill combating;… …   Ekologijos terminų aiškinamasis žodynas

  • oil spill — an accidental release of oil into a body of water, as from a tanker, offshore drilling rig, or underwater pipeline, often presenting a hazard to marine life and the environment. [1965 70] * * *  leakage of petroleum onto the surface of a large… …   Universalium

  • oil spill — leakage of oil from a container, oil slip …   English contemporary dictionary

  • oil spill — /ˈɔɪl spɪl/ (say oyl spil) noun the release of crude oil or refined petroleum products into the environment, usually by accident, as from sea going oil tankers …   Australian English dictionary

  • oil spill — an accidental release of oil into a body of water, as from a tanker, offshore drilling rig, or underwater pipeline, often presenting a hazard to marine life and the environment. [1965 70] …   Useful english dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.