National campaign provides progress report on Gulf recovery and restoration BP is launching a new nationwide television advertising campaign to update the American people on progress being made to clean up and restore the Gulf Coast region in the wake of the Deepwater Horizon accident. The initial advertisement in the series, which will debut on [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 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 [...]
After receiving a recent $30,000 rebate from BP Corp., Taylor, Mich.-based Atlas Oil Co. is considering investing in capital improvements and image building for its network of BP gas station retailers affected by customer boycotts, following the Gulf of Mexico oil spill, Crain’s Detroit Business reported. Atlas is a fuel distributor to about 70 BP [...]
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 PLC is selling 114 gas stations and convenience-store properties in 22 states, the Wall Street Journal reported. Most of the locations are being marketed as redevelopment sites, while some are being offered as part of potential franchise deals, according to the Web site of BP’s broker, Jones Lang LaSalle. BP had decided to sell [...]
On Tuesday, President Barack Obama addressed the nation from the Oval Office, summoning Americans to a “national mission” to move away from reliance on oil and develop alternative sources of energy, and noted that it is imperative for Congress to act quickly to overcome “a lack of political courage and candor” surrounding the BP Oil [...]
BP is providing the State of Alabama with an additional $25 million grant to continue implementation of the State’s Area Contingency Plan in the wake of the oil spill from the MC252 well. This $25 million grant is in addition to a previous $25 million block grant that BP announced on May 5 to help [...]
BP announced it plans to donate the net revenue from oil recovered from the MC252 oil spill to create a new wildlife fund that would create, restore, improve and protect wildlife habitat along the coastline of Louisiana, Mississippi, Alabama and Florida. The creation of this fund exceeds the company’s obligations under the Oil Pollution Act [...]
BP has announced that it plans to make an immediate payment of $60 million to the State of Louisiana as part of its previously pledged commitment to fund the entire $360 million cost of six berms in the Louisiana barrier islands project. In a letter to Louisiana Governor Bobby Jindal BP detailed its plans to [...]
BP today announced that is has established a $360 million escrow account to fund immediately the construction of six sections of Louisiana barrier islands approved by the U.S. government. The company has been directed to pay for the construction by the federal government. Since the environmental implications of the projects are not fully understood, BP [...]