Impacts of Major Offshore Oil Spill Incidents on Petroleum Industry and Regional Economy

2017 ◽  
Vol 139 (2) ◽  
Author(s):  
Negar Dahi Taleghani ◽  
Mayank Tyagi
Keyword(s):  
Gulf Of Mexico ◽  
Economic Impact ◽  
Oil Spill ◽  
Oil And Gas ◽  
Petroleum Industry ◽  
Deepwater Horizon ◽  
The State ◽  
Economic Losses ◽  
Offshore Oil ◽  
The Impact

Disasters such as offshore oil spills will have a significant negative impact on occupations, incomes, tariffs, and further profits, adding to the struggles of regional area held up in difficulty. Such a broad size of impact can more impair the functioning of the economy of the district. In addition to costs encountered by cleanup activities, industries and individuals dependent on coastal resources can experience huge economic losses. Many other related businesses and sectors can possibly hurt by disruptions and loss of earnings. To better understand different aspects of the problem, we explain the problem through a case study for recent incident in the Gulf of Mexico (GoM), the Deepwater Horizon oil spill (DWH) on April 20, 2010, the worst oil spill disaster in the history of the U.S. start off the coastline of Louisiana in the Gulf of Mexico. We have conducted study to focus on the positive impact of economic compensation on Gulf coast employment and wages. Regardless of estimates of main job losses resulting from the oil spill, we estimated that Louisiana experienced a net rise in employment and wages. Input–output (I-O) model will be applied in this study to approximate the economic compensation created by economic injection due to the Deepwater Horizon accident. Then, we can estimate the gross damages to the Louisiana economy. More importantly, the final results should provide useful information on measuring the economic impact of any future large-scale disasters and for how companies must react to minimize the economic impact of events. One positive side that will come out of the oil spill is the spotlight on the need for new and developed prevention and response strategies to this kind of major disasters. The analysis of losses in the employment and earnings in Louisiana in the aftermath of accidents in petroleum industry makes to know the importance and significance of the oil and gas sector as a powerful economic machine that provides a wide range of opportunity for the state. It is no surprise how remarkable is the influence of oil and gas industry on the income of the state workers and the output of the state. Therefore, having approximation of the impact helps to facilitate strong recovery and to prevent potential harm to the related industry.

Fingerprinting of Weathered Oil Residues from the Deepwater Horizon Oil Spill: The Importance of Multiple Lines of Investigation

2017 ◽  
Vol 2017 (1) ◽  
pp. 3051-3070 ◽  
Author(s):  
Karen J. Murray ◽  
John S. Brown ◽  
Linda L. Cook ◽  
Paul D. Boehm
Keyword(s):  
Gulf Of Mexico ◽  
Oil Spill ◽  
Complex Mixture ◽  
Deepwater Horizon ◽  
Anthropogenic Sources ◽  
Deepwater Horizon Oil Spill ◽  
Transport Pathways ◽  
Chemical Profiles ◽  
Sediment Data ◽  
The Impact

ABSTRACT 2017-189 The crude oil released from the Macondo Well, also known for its location in Mississippi Canyon area as the MC252 well during the Deepwater Horizon Oil Spill, entered an environment already containing a complex mixture of hydrocarbons from both natural and anthropogenic sources, many of which have closely related chemical profiles. To understand the impact of the released oil in offshore areas, a method was needed to distinguish MC252-related hydrocarbons from other sources. A multiple lines of evidence approach was developed to identify weathered MC252 oil in offshore sediments in the Gulf of Mexico. Chemical data for alkanes, PAH, petroleum biomarkers and metals were combined with spatial, temporal, and observational information to examine the fingerprints for more than 4,000 sediment samples collected over the span of five years. The unique conditions of the Gulf of Mexico (GOM), with many natural petroleum seeps and tepid seas, provided an ideal environment to support microbial degradation of petroleum. As a result of these conditions, the initial fingerprint of the MC252 was rapidly and extensively altered in the environment including depletion of petroleum biomarkers, usually assumed to be recalcitrant and often used in ratios to identify petroleum residues. Revised biomarker match criteria were defined to account for biodegradation within this fraction. Applying this methodology to the offshore sediment data from the GOM provided a comprehensive understanding of the distribution of the MC252 oil in offshore sediment and an understanding of the various transport pathways which conveyed the oil to the sediments.

Extraction Not Creation: The History of Offshore Petroleum in the Gulf of Mexico

2007 ◽  
Vol 8 (2) ◽  
pp. 227-267 ◽  
Author(s):  
Tyler Priest
Keyword(s):  
Gulf Of Mexico ◽  
Oil And Gas ◽  
Petroleum Industry ◽  
Oil And Gas Development ◽  
The Social ◽  
History Of ◽  
Offshore Oil And Gas ◽  
Offshore Development ◽  
Offshore Oil ◽  
Offshore Petroleum

Offshore development is one of the most important but least analyzed chapters in the history of the petroleum industry, and the Gulf of Mexico is the most explored, drilled, and developed offshore petroleum province in the world. This essay examines offshore oil and gas development in the Gulf of Mexico, highlighting the importance of access and how the unique geology and geography of the Gulf shaped both access and technology. Interactions between technology, capital, geology, and the political structure of access in the Gulf of Mexico generated a functionally and regionally complex extractive industry that repeatedly resolved the material and economic contradictions of expanding into deeper water. This was not achieved, however, simply through technological miracles or increased mastery over the environment, as industry experts and popular accounts often imply. The industry moved deeper only by more profoundly adapting to the environment, not by transcending its limits. This essay diverges from celebratory narratives about offshore development and from interpretations that emphasize the social construction of the environment. It challenges the storyline of market-driven technology and its miraculous ability to expand and create petroleum abundance in the Gulf.

Mixing Oil and Water: Naturalizing Offshore Oil Platforms in Gulf Coast Aquariums

2012 ◽  
Vol 46 (2) ◽  
pp. 461-480 ◽  
Author(s):  
DOLLY JØRGENSEN
Keyword(s):  
Gulf Of Mexico ◽  
Oil Spill ◽  
Mississippi River ◽  
Gulf Coast ◽  
Deepwater Horizon ◽  
Offshore Drilling ◽  
Aquatic Life ◽  
Oil Platforms ◽  
Offshore Oil Platforms ◽  
Offshore Oil

On 26 June 2010, the brand new Gulf of Mexico exhibit at the National Mississippi River Museum & Aquarium in Dubuque, Iowa opened devoid of life. The tanks were purposefully left empty, rather than showing the vibrant aquatic life of the Gulf, to highlight the oil spill associated with BP's Deepwater Horizon offshore drilling incident earlier in 2010. According to the museum's press release, the museum wantedto open a Gulf exhibit recognizing the crisis that is happening on the Gulf Coast … The exhibit, without fish, now has the opportunity to make a bold statement related to the oil spill in the Gulf Coast by asking Museum & Aquarium visitors to imagine a lifeless Gulf.1

scholarly journals What has Europe learned after the Deepwater Horizon/Macondo Incident?

2014 ◽  
Vol 2014 (1) ◽  
pp. 348-360 ◽  
Author(s):  
Bernd Bluhm ◽  
Lito Xirotyri
Keyword(s):  
Oil Spill ◽  
Oil And Gas ◽  
Deepwater Horizon ◽  
Maritime Safety ◽  
Oil And Gas Operations ◽  
Oil Spill Response ◽  
Regional Agreements ◽  
Offshore Oil And Gas ◽  
Offshore Oil ◽  
The Eu

ABSTRACT The Deepwater Horizon (DWH) incident and the response thereto generated significant interest in Europe, in particular with regard to the safety of offshore oil and gas operations, existing oil spill response arrangements, and the potential impacts of surface and subsurface dispersant application. This paper will present the main relevant developments and actions undertaken in Europe in the years following the Macondo incident, focusing primarily on the work of the European Commission, European Maritime Safety Agency (EMSA), and European Union (EU) Member States, as well as the work undertaken within the established Regional Agreements in Europe. The following topics will be addressed in more detail:1)It has been considered critically important to review and enhance the regulatory arrangements in Europe relevant to the safety of oil and gas operations and to strengthening the effective response to marine oil pollution. This is being implemented at the national level by several European countries. At the level of the EU Institutions, this is being addressed by:—Issuing the Directive of the European Parliament and of the Council on safety of offshore oil and gas operations and amending Directive 2004/35/EC. The main elements of this Directive will be presented.—Amending the Regulation (EC) 1406/2002 establishing a European Maritime Safety Agency (EMSA) by Regulation (EU) 100/2013 of the European Parliament and of the Council. The new Regulation expands EMSA's mandate to assist EU countries in the response to oil spills from oil and gas installations and to also support in such cases other countries sharing a regional sea basin with the EU. EMSA's Action Plan in implementing its newly assigned tasks will be presented.2)EMSA provides a forum at the EU level for Member States' experts to address issues contributing to the preparedness for and response to accidental and deliberate marine pollution, including the use of dispersants and the experience gained from the DWH incident. Actions undertaken in this regard and their outcome will be presented.3)The review of the potential oil spill response options and techniques has revitalised the discussion of mechanical recovery of oil versus the application of dispersants in such a way that nowadays more and more EU States consider the use of dispersants as a possible oil spill response option. The main elements of this discussion in Europe will be presented in more detail, also within the context of the multinational cooperation in Europe executed primarily by the Regional Agreements that are in place.

scholarly journals Dirty Drilling: Trump Administration Proposals Weaken Key Safety Protections and Radically Expand Offshore Drilling

2019 ◽  
Author(s):  
Oceana ◽  
Diane Hoskins ◽  
Madeline Voitier
Keyword(s):  
Oil Spill ◽  
Oil And Gas ◽  
Deepwater Horizon ◽  
National Commission ◽  
Regulatory Body ◽  
Offshore Drilling ◽  
Gas Drilling ◽  
Offshore Oil And Gas ◽  
Offshore Oil ◽  
Trump Administration

Executive SummaryOn April 20, 2010, the BP Deepwater Horizon oil rig exploded, tragically claiming the lives of 11 people and causing the worst oil spill in United States history. More than 200 million gallons of oil spilled over the 87 days it took to finally cap the well. The disaster wreaked havoc on the Gulf of Mexico coast and once again exposed the American public to the dangers of offshore oil and gas drilling. An investigation into the disaster conducted by the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling (the National Commission) identified systemic failures in both industry management and government oversight as the underlying causes of the disaster. The National Commission recommended numerous reforms to government regulations and industry practices, including the formation of a new safety-focused regulatory body named the Bureau of Safety and Environmental Enforcement (BSEE) within the U.S. Department of the Interior (DOI).Oceana reviewed government documents and reports, public reporting, and scientific literature and interviewed policy experts to determine the progress in safety since the BP disaster. Oceana found incremental improvements but also alarming unaddressed deficiencies. Reform efforts to date fall far short of what is needed to improve offshore drilling safety and many problems that undermine oversight of the industry remain.Overarching issues with offshore oil and gas operations continue to compromise human safety and environmental protection. Moreover, the Trump administration is pushing to radically expand offshore drilling into nearly all U.S. waters while rolling back many of the few safety requirements currently in place. This report examines these issues and proposes policy changes to remedy them.

US offshore oil industry will take years to recover

2016 ◽  
Keyword(s):  
Gulf Of Mexico ◽  
Oil And Gas ◽  
Oil Industry ◽  
The State ◽  
Offshore Drilling ◽  
Content Type ◽  
State Budgets ◽  
Offshore Oil And Gas ◽  
Offshore Oil Industry ◽  
Offshore Oil

Significance Rising output from the Gulf of Mexico, which accounts for about 16% of total US production, will help offset some of the falling output from onshore shale projects, although overall production is still declining following the collapse in prices. Impacts The downturn in new offshore oil and gas activity will hit the state budgets of Alabama, Louisiana and Texas. Offshore drilling services specialists will see revenues fall, as companies cut back drilling and push for reduced rates. In the event of a sustained price recovery, US production will primarily be driven by renewed shale drilling, not offshore.

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