The 25 BP ampm convenience-stores in central Ohio are set to be transformed into Duchess Shoppe stores, the Columbus Dispatch reported. The local franchise owner, Englefield Oil Co. already operates all the stores involved, plus 103 other stores that use the Duke/Duchess Shoppe name. BP is allowing Englefield Oil to drop the ampm name penalty-free…
BP Outlines Plan to Move Brand Forward
BP Products North America Inc. recently reaffirmed its commitment to the BP retail brand in Gaylord, Md., at the 2010 BP Amoco Marketers Association (BPAMA) Convention and Business Expo, an annual gathering of BP marketers. A record number of marketers attended this year’s event to hear from several top BP executives how the company plans…
Hess To Operate Tubular Bells
Hess Corp. has agreed to acquire an additional 20% interest in the Tubular Bells oil and gas field in the Gulf of Mexico from BP for $40 million and will become the operator. The increased ownership will bring Hess’ working interest in Tubular Bells to 40%. Chevron holds a 30% interest and BP will retain…
BP Creates New Safety Division
BP plans to create a new safety division in the aftermath of this summer’s oil spill disaster in the Gulf of Mexico, CNN reported this week. The “powerful new unit” will have the authority to intervene in all aspects of BP’s technical activities, according to the company. The safety division is one of the new…
BP Spreads The Blame
BP has rolled out the results of a four-month internal investigation into the causes of the April 20 blowout of its Macondo oil well in the Gulf of Mexico, which resulted in the Gulf oil spill. The company spread blame among its contractors, as it pointed to a “complex and interlinked series” of failures from…
Oil Rig Blast Reported In The Gulf
An offshore petroleum platform in the Gulf of Mexico exploded today, Sept. 2, and was reported as burning by a commercial helicopter flying overhead, the Associated Press reported. The rig sits about 80 miles off the Louisiana coast, west of the site where BP’s Deepwater Horizon rig exploded in April killing 11 workers and leaking…
Rebuilding the BP Brand
With the Gulf Oil spill behind it, a new CEO at the helm and the clean up effort underway, BP now must turn its attention to making good on its recovery promises and helping BP branded stations win back customers who may not quickly forget the devastation in the Gulf. Since the spill began, and…
Dealing with Adversity
BP’s Gulf of Mexico response has included more than $4 billion spent to date, including more than 153,650 payments totaling $395 million (as of presstime) in claims to Gulf residents and businesses affected by the oil spill. Other payments included: • $20 billion claims escrow fund • $100 million unemployed rig workers’ fund • $500…
BP To Pay $50.6 Million In Settlement
BP Products North America Inc. is set to pay a full penalty of $50.6 million stemming from the 2005 explosion at its Texas City, Texas, refinery that killed 15 workers and injured 170 others, the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has announced. The agreement resolves failure-to-abate citations issued after a…
BP Makes Amends
BP has paid $303 million in claim payments to more than 40,000 individuals and businesses impacted by the oil spill in the Gulf of Mexico, the company reported. In just the past three weeks, BP has paid out $112 million and will continue to pay claims until the Gulf Coast Claims Facility (GCCF) takes over…