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Complexity index. 15.2. No. of employees. 1550. The Galveston Bay Refinery is an oil refinery located in the Texas City, Texas Industrial Complex on the edge of Galveston Bay. It is the largest oil refinery in North America with a capacity 631,000 barrels per day [1] and has been owned and operated by Marathon Petroleum Corporation since 2013.
Costs. Approximately $2.5 billion of liabilities for BP. The Texas City refinery explosion occurred on March 23, 2005, when a flammable hydrocarbon vapor cloud ignited and violently exploded at the isomerization process unit of the BP oil refinery in Texas City, Texas, killing 15 workers, injuring 180 others and severely damaging the refinery.
Safety and production issues in Alaska and the explosion at the Texas City refinery made Peter Sutherland, BP's non-executive chairman, accelerate the process for finding a replacement for Lord Browne of Madingley. His retirement timetable was moved forward from end-2008, when Browne would be 60 and BP policy called for mandatory retirement, to ...
Oil supermajor BP PLC (NYSE: BP) has been seeking a buyer for its massive Texas City, Tex., refinery for nearly a year. The sale is part of the company's effort to shed $38 billion in assets to ...
Texas City disaster. The 1947 Texas City disaster was an industrial accident that occurred on April 16, 1947, in the port of Texas City, Texas, United States, located in Galveston Bay. It was the deadliest industrial accident in U.S. history and one of history's largest non-nuclear explosions. The explosion was triggered by a mid-morning fire ...
Marathon Petroleum Corp. (NYSE: MPC) announced this morning that it has purchased the 451,000 barrel per day Texas City refinery from BP PLC (NYSE: BP) for $598 million. Included in the sale are ...