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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.
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.
Impact on Local Community and Business: The Deepwater Horizon Oil Spill, otherwise known as the British Petroleum (BP) oil spill had several immediate and lasting effects on the local community, environment, and economy in New Orleans. The deterioration of healthy water, animals and marsh land from the oil spill have largely affected the ...
In 2005, an explosion at the Texas City refinery killed 15 workers, and BP has spent more than $1 billion in upgrades to the plant and paid more than $180 million in fines related to the disaster.
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 ...
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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