You’ve probably heard of BP, the oil company. They’re probably best known for one thing: the oil spill in the Gulf of Mexico in 2010. In a few short months, that spill went from a relatively small oil sheen on the beach (which most people probably didn’t even notice) to a massive oil slick that threatened the entire ecosystem of the Gulf Coast. It became known as the “Biggest Spill Ever” and was covered ad nauseam by the mainstream media. There was even a Hollywood movie about it.
You may be wondering: is BP’s oil slick still out there? Has it gotten worse?
The short answer is yes, and it’s even gotten worse. In fact, in 2019 alone, there were 500 minor or major leaks reported by the US Geological survey. That’s more than double the amount of such leaks reported in 2018.
Since the initial BP oil spill, many other oil companies have gotten into trouble because of leaks. Just last year, the British oil company Stena was fined $90 million for a major oil spill in Croatia. Just last month, the Russian oil company Rosneft was also hit with a $300 million lawsuit for a major oil leak in 2019. In each of these cases, the oil company was either negligent or reckless in their operations.
One of the most recent accidents was the BP oil spill in Indonesia in August 2019. The company was trying to evacuate residents from a newly discovered gas leak when the operation went wrong and a dome covering the leak was damaged. The leak subsequently flooded a residential area and brought the ire of the public. Just days after the spill, the public demonstration in front of the US Embassy in Jakarta turned violent, with some protesters setting vehicles on fire and throwing rocks at police.
What is Bp Gas?
BP is an acronym for British Petroleum, the company that was founded in 1899 and is still headquartered in the UK. For many years, they were a traditional oil company, mostly focused on producing and selling crude oil in Europe and Asia. However, in the early 2000s, they began buying up smaller oil companies to build out their own operations in North America. This expansion into new territories and lines of business was done to increase their market share and access to huge oil fields. One of the largest of these acquisitions was an oil field in Pennsylvania called the Marcellus Shale. The deal was worth $16 billion and allowed BP to become one of the top five oil companies in the world.
The acquisition of other oil companies didn’t stop there. In 2015, BP spent a whopping $20 billion to buy the French oil company, Total. This purchase added another major oil field to BP’s portfolio, the Orya Petroleum Inc. project in Nigeria. Finally, in 2018, BP bought a majority stake in a Dutch oil company, Vitane.
All these acquisitions made BP one of the biggest, if not the biggest, oil companies in the world. They were never big on advertising, but you probably know more about them because of all the news stories concerning their safety mishaps and legal issues. It’s safe to say that BP’s business model is to earn money through oil exploration and extraction, and minimize risk in their operations through the use of specialists and safety equipment.
Why Is Bp Gas Special?
BP isn’t your average oil company. They make their money from expensive drilling bits used to break up underground rocks and find oil and gas deposits. These bits are expensive, so when a well fails to produce the expected results, the operator is left with a lot of expensive junk. That’s where the risks usually lie for BP: in their deepwater oil operations in the Gulf of Mexico and Indonesia. When a well turns out to be a dud, the money and time lost in searching for more oil can be extremely expensive. It’s also the reason why they put so much money and effort into minimizing risk in their operations.
The good thing for BP is that a lot of smart people work there. They know exactly what they’re doing, and they’re usually good at what they do. That puts them in the right place at the right time with the right equipment to maximize the chance of finding oil and making money. When that happens, they can be very, very proud owners of expensive drilling bits. When it goes wrong…they usually end up with something they can sell for a profit.
What is Different About Bp Gas Than Other Oil Companies?
Mostly, other oil companies try to be as safe as possible when producing oil. This means using special tools to lower the chances of something going wrong. BP is different in that they want to be as “green” as possible, which means reducing their carbon footprint and finding alternative ways to generate energy. This also means operating in a more dangerous area and putting themselves at greater risk. It’s all about priorities.
If you’re looking for an oil company to do business with, BP is a perfect match. They have a global reach and can easily get products to you anywhere in the world. They also have deep pockets and can offer you great support in case you do get into trouble. Since they operate in dangerous and unpredictable environments, it’s essential that you choose a reputable and experienced shipping company to help you get your goods to market in one piece.
Is It Worth Buying Or Trading Gold With?
The year was 2019, and gold was in the middle of another spectacular surge to the upside. The yellow metal reached a new high after new all-time highs were set in December and reached $1,600 per ounce. It was mostly thanks to the continued trade conflict between the US and China, which provided an excuse to purchase physical metal as an investment. In fact, many investors had so much faith in the metal that they piled in, driving up prices. However, this also meant that speculators had plenty of reason to flock to the gold market, pushing prices even higher.
With so much money to be made, many began looking for ways to maximize their returns. One way is to speculate on the price of gold and make a killing on the side. However, is it worth buying or trading gold with? The answer is yes, as long as you make the right decision and choose a reliable source. For example, if you decide to buy physical metal from a reputable seller, you could lock in some good prices as the demand for the yellow metal continues to grow.
As in any other market, knowledge is power. You can educate yourself about the precious metal’s latest developments and tendencies by reading reputable industry publications. You can also gain power by speaking to experts who can shed light on the trends and patterns within the gold market. Never, ever, buy cheap metal from a dubious dealer. Those who deal in precious metal usually thrive on referrals, so be sure to get as many as you can.