February 2, 2011 |
Oil giant BP will unload its Southern California gasoline business, including the huge Carson refinery and its local Arco gasoline operations, as part of a broad overhaul following last year's Gulf of Mexico oil spill. BP said Tuesday that it also would sell its Texas City, Texas, refinery, where a 2005 explosion and fire killed 15 people and injured more than 170 others. The sale of the California and Texas facilities will cut BP's refining capacity in half as it moves to divest $30 billion in assets to pay gulf disaster costs.
September 26, 2010
London (Reuters) -- Halliburton Co, the oilfield services company that cemented the blown-out Gulf of Mexico well which caused the United States' worst-ever oil spill, Sunday said a BP report into the disaster that laid the blame on the cement job offered a questionable account of events and “erroneous conclusions.” Halliburton, based in Houston, Texas and Dubai, questioned tests BP said it conducted that showed Halliburton's cement had failed, allowing channels to form, through which hydrocarbons could flow up the well and cause the explosion.
June 23, 2010 |
The containment cap BP had placed over its blown-out well was removed by an undersea robot vehicle, and the oil company was working to place it again. U.S. Coast Guard Admiral Thad Allen, incident commander for the Deepwater Horizon disaster, said BP feared methane hydrates were coming through the pipe leading from the cap to surface vessels, and the cap was removed out of "an abundance of caution." BP also found that one of the vents of the cap had been closed, possibly due to a bump from one of the remotely operated vehicles hovering around the well.
May 17, 2013 |
Tesoro Corp. won federal and state clearance for its purchase of BP's Carson refinery, Arco stations and other assets for $2.4 billion, an acquisition that would further concentrate the state's fuel-making capacity into only two players - Tesoro and Chevron Corp. The twin actions Friday were immediately blasted by consumer advocates as a disaster for California consumers, who already pay some of the nation's highest gasoline and diesel prices. Tesoro and Chevron would control more than half of the refining business in California, which the activist groups contend would allow the two companies to influence what customers pay at the pump.
July 20, 2010 |
Apache Corp. said Tuesday it agreed to buy a handful of BP's oil and natural gas fields throughout North America and Egypt for $7 billion, though the oil giant's Prudhoe Bay, Alaska operations were not part of the deal. Apache Corp., known for purchasing mature oil and gas properties and wringing more value out of them, will scoop up BP properties in Alberta and British Columbia, as well as the Permian Basin of West Texas and New Mexico and Egypt's Western Desert. All told, the Houston oil and gas company will add estimated proved reserves of 385 million barrels of oil equivalent to its portfolio.
May 3, 2010 |
Robots using giant hydraulic shears finished cutting away the pipe atop a BP well gushing oil into the Gulf of Mexico, clearing the way for a cap to be placed over the well on Thursday in an effort to contain the 45-day-old spill. Cutting away the riser pipe is "a significant step forward," Coast Guard Adm. Thad Allen, the national incident commander, said at a briefing Thursday morning. "The challenge now is to seal that containment cap over it." Allen said the shears used in the cutting did not give the clean edges that officials had hoped for, which could make it more difficult to fit the cap tightly over the pipe.