By Loren C. Steffy

ISBN-10: 0071760814

ISBN-13: 9780071760812

ISBN-10: 0071761772

ISBN-13: 9780071761772

The definitive account of the way BP's win-at-all-costs tradition resulted in this era's maximum commercial catastrophe

"A conscientiously and powerfully written story." monetary occasions

"When an writer makes use of a loaded be aware like 'reckless' in a book's name, the weight of facts is excessive. . . . Steffy meets the load by way of demonstrating that company behemoth BP (formerly British Petroleum) can have avoided the eleven deaths on April 20, 2010, aboard the Deepwater Horizon. . . . The deaths and the big oil spill following the sinking of Deepwater Horizon would definitely develop into a landmark of company ineptness and greed for the rest of human historical past, thank you partially to Steffy's extraordinary account." San Antonio Express-News

"Steffy has produced a desirable, gripping, revealing account. . . . The booklet info occasions aboard the Deepwater Horizon in April of 2010 to begin, however it digs deeper into what's printed as a tradition of cost-cutting boiling over inside of BP. Steffy records years of incidents and bad administration judgements, detailing the increase of key characters like John Browne and Tony Hayward along riveting outlines of frightening occasions in Texas urban and at different BP destinations. . . . The e-book reads like fiction every now and then, with the author's heavily-detailed bills of explosions and conversations developing brilliant, approximately fantastical pictures. The tragic background of BP is all-too-real, even though, because the misplaced lives and environmental harm definitely attest to.. . . Steffy is a radical, effortless writer. His issues principally lie with the demise and the overall tradition of cost-cutting of BP, portray an apt and terrifying photo of rampant, regular, expensive neglect." Seattle put up Intelligencer

"Steffy presents worthwhile perception and an important company context in explaining how a lot oil ended up within the Gulf of Mexico." BusinessWeek

"[Steffy's] investigations display a company tradition of cost-cutting tasks that placed earnings prior to employees' lives and the surroundings, with repeated defense violations and an abysmal twist of fate heritage. . . . Steffy info how, within the context of BP's checklist, the catastrophe used to be simply a part of a trend of bad selection making within the relentless pursuit by way of BP to turn into the most important and so much ecocnomic oil corporation within the world." Booklist

About the ebook

As evening settled on April 20, 2010, a chain of explosions rocked Deepwater Horizon, the monstrous semisubmersible drilling platform leased via British Petroleum, situated forty miles off the Louisiana coast. the consequent inferno claimed eleven lives, and it should rage uncontained for 2 days, until eventually its wreckage sank to a last resting position approximately a mile underneath the waves. at the ocean ground, the unit's wellhead erupted. Over the subsequent ten weeks, as repeated makes an attempt to cap the geyser failed, an anticipated 2 hundred million gallons of oil—the an identical of 20 Exxon Valdez spills—spewed into the Gulf of Mexico, finally lapping up on shorelines as far-off as Florida.

Drowning in Oil , through award-winning Houston Chronicle enterprise reporter and columnist Loren Steffy—considered by way of many to be the author with the simplest entry to the story—is an remarkable and gripping narrative of this disaster and the way BP's winner-take-all enterprise tradition made all of it yet inevitable.

Through never-before-published interviews with BP executives and staff, environmental specialists, and oil insiders, Steffy takes us backstage of a hundred years of BP company background. starting with the conglomerate's early gambits within the center East to its contemporary ascent between strength titans, Steff reveals the roots of the Gulf oil spill within the unwritten discount among oil manufacturers and shoppers, whose insatiable appetites force the hunt for brand spanking new provides quicker, farther, and deeper.

Beyond this, the Deepwater Horizon catastrophe happened after a historical past of rate slicing in pursuit of gains, really below the suggestions of its most up-to-date ex-CEOs, John Browne and Anthony Hayward.

Exhaustively researched and documented, Drowning in Oil is the 1st in-depth exam of ways a scarcity of company accountability and govt oversight ended in the most important offshore oil spill in U.S. background. it's an goal, no-punches-pulled account of the strength undefined: its environmental influence and the serious festival between stakeholders in cutting-edge oil markets.

This booklet places every part jointly, delivering a definitive account of BP's pursuit of oversized earnings because the business international awakens to the awful realities of height Oil.

" They fumbled round the darkened room and located an handbook. through flashlight, they learn the beginning methods. They have been doing every thing correct. After 5 - 6 futile attempts, they gave up and headed again towards the bridge. again at the bridge, alarms have been shrieking and the captain knew they have been operating out of time. The subsea engineer had hit the emergency disconnect for the good, and even supposing the regulate panel confirmed the rig will be unfastened, it wasn't. The hydraulics have been useless. hearth persisted to shoot from the head of the derrick. The rig had no energy, and with out strength, it had no pumps for the firefighting gear, no strategy to close off the movement of gasoline from the good, and no technique to disconnect the rig from the flaming umbilical that had it tethered to the wellhead. " —from Drowning in Oil

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Extra resources for Drowning in Oil: BP & the Reckless Pursuit of Profit

Sample text

BP was still British Petroleum at that time, and it operated more like a government agency than like a private enterprise. While the engineering team was a collaborative effort, it was also bound by the rules of competition, and Browne was struck by the intensity with which the oil companies vied against one another. They guarded their strategies closely, each trying to figure out the best drilling prospects before the others, so that they could lock up the choice leases. His exposure to this competitive fire shaped his views of how business should operate, a view that decades later would transform BP and bring an American competitive flavor to a British institution.

Noticing the blood pouring down Williams’s head, a supervisor told him to sit down. Williams kept repeating his assessment of the damage he had seen. “We need to abandon ship now” he said. The supervisor looked for a medical kit to treat the gash on Williams’s forehead, but all he could find was a roll of toilet paper to stop the bleeding. Several people gathered around Williams began talking about the standby generator. If they could get that running, they could get lights and some minimal functions back.

Everyone was in danger. Another explosion could doom them all. As he crawled down the hallway, he came across Wyman Wheeler, another toolpusher, who was covered in debris. As he cleared it off, a flashlight approached, bobbing around like a bouncing ball of light. It was Murray. The hallway was chaos. A few people came and went; several people were injured, and others were trying to help them. Ezell and another worker tried to lift Wheeler, but he was in too much pain. Ezell asked Murray to go to the bow and get a stretcher.

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Drowning in Oil: BP & the Reckless Pursuit of Profit by Loren C. Steffy

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