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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.
June 11 – Flow Rate Technical Group says the leak could be 20,000 to 40,000 barrels (840,000 to 1,680,000 US gallons; 3,200,000 to 6,400,000 litres) of oil a day. [ 94] June 15 – Obama in the first speech from the Oval Office of his presidency focuses on the spill. [ 95] June 16 – Obama meets with Svanberg, Hayward, McKay.
This included a one-time $32.2 billion charge, including $20 billion for the fund created for reparations and $2.9 billion in actual costs. [66] BP announced that it was setting up a new unit to oversee management of the oil spill and its aftermath, to be headed by former TNK-BP chief executive Robert Dudley, [67] who a month later was named ...
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 ...
Manzoni started to work for the oil and gas company BP in 1983. [2] In 2000, he was a group vice president at the company. [3] He was chief executive for refining and marketing at BP at the time of the Texas City refinery explosion in 2005, in which 15 people were killed and 170 injured. [4]
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 ...
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