On Aug. 5, BP completed cementing operations at the MC252 well. The procedure began at 9:15 a.m. CDT and was completed by 2:15 p.m. CDT, as part of the static kill plan. By filling the damaged Macondo well with cement from the top down, the company hopes to guarantee it won’t leak oil again. The…
Gasoline Pushes Higher
By Brian L. Milne, Refined Fuels Editor, Telvent DTN After inching off a one-month low last week to $272.2 gallon, the U.S. retail gasoline average is poised to post its second straight weekly increase, following wholesale costs higher. The US price benchmark for gasoline, the Reformulated Blendstock for Oxygenate Blending futures contract that trades on…
Robert Dudley Promoted To CEO of BP
BP officially announced today that Tony Hayward is stepping down as CEO and being replaced by Robert Dudley effective Oct. 1, the Associated Press reported. As an American, Dudley marks BP PLC’s first ever non-British chief executive, the company said as it reported a record quarterly $17 billion loss and set aside $32.2 billion to…
BP’s Hayward To Be Replaced
BP’s Tony Hayward, whose blunders in relation handling the oil spill in the press have created an outcry, is on his way out as CEO, a U.S. government official told the Associated Press. The senior U.S. official who spoke on condition of anonymity because an announcement had not been made, told the Associated Press he…
BP Selling Upstream U.S. Assets To Apache
BP is selling its upstream assets in the U.S., Canada and Egypt to Apache Corp., outlined in a number of agreements this week. The deals together total $7 billion, and comprise BP’s Permian Basin assets in Texas and south-east New Mexico in the U.S.; its Western Canadian upstream gas assets; and the Western Desert business…
BP Introduces Mobile Claims Center
BP this week is adding a new mobile claims center to supplement the existing claims centers throughout the state of Louisiana. The mobile claims center has been made to travel with four claims adjusters to assist residents filing claims throughout affected parishes in Louisiana. “This new edition to claims will allow us to reach the…
Fallout Continues After BP Stops Spill
Even as BP Corp. has announced that it had succeeded in its attempt to choke off the flow of oil spilling into the Gulf of Mexico, gas stations with BP branded gas continue to experience backlash from consumers angry over the disaster. In Bay Minette, Ala., yesterday a BP gas station was vandalized-with angry messages…
BP Stops Oil Leak
BP finally stopped the flow of oil into the Gulf of Mexico on Thursday – 85 days and 184 million gallons after the Deepwater Horizon oil spill began on April 20, the Associate Press reported. Now begins a 48 hour wait to see if the capped-off well holds or blows a leak, as engineers monitor…
BP Erects Gulf Coast Restoration Organization
BP’s has instituted a new Gulf Coast Restoration Organization, set to manage the company’s long-term response to the Deepwater Horizon incident and the MC252 oil and gas spill. Effective immediately, Bob Dudley has been appointed president and CEO of BP’s new Gulf Coast Restoration Organization, and will report to Tony Hayward, BP’s Group Chief Executive. The…
BP Claim Payments Climb Past $100M
BP has paid $104 million to residents along the Gulf Coast for claims filed as a result of the oil spill in the Gulf of Mexico, the company reported in a press release. “Our focus has been on getting money into the hands of fishermen, shrimpers, condo owners and others who have not been able…