Group items tagged

Tesoro Corp.'s buyout of BP plc's refinery in California, once finalized, will make the San Antonio petroleum company the biggest refiner in the state and also significantly expand its retail holdings. Tesoro announced Monday its plans to acquire BP's 266,000-barrel-per-day refinery in Carson, Calif. However, the purchase also includes a retail network of about 800 dealer-operated gas stations in Southern California, Nevada and Arizona as well as the ARCO and ampm convenience store brands. These independently owned and operated stores currently buy an average of 245,000 gallons per month wholesale from the BP refinery. This agreement with London-based BP is expected to bolster Tesoro's existing retail network, which currently consists of more than 1,375 branded stations - including nearly 590 company owned gas stations that operate under the Tesoro, USA Gasoline and Shell brands. The Carson refinery is located south of Los Angeles. Tesoro intends to integrate that refinery with its existing 97,000-barrel-per-day refinery in Wilmington, Calif. Tesoro also owns a 166,000-barrel-per-day refinery in Martinez, Calif. The purchase also includes three marine terminals; four land storage terminals; four product marketing terminals; and more than 100 miles of pipelines. Tesoro will have pipeline access to Los Angeles International Airport. The total deal is valued at $2.5 billion. San Antonio-based Tesoro (NYSE: TSO) operates seven refineries in the western United States with a combined capacity of 675,000 barrels per day. That number will jump to eight facilities once the BP refinery acquisition closes - slated for mid-2013.

Tesoro Corp.'s buyout of BP plc's refinery in California, once finalized, will make the San Antonio petroleum company the biggest refiner in the state and also significantly expand its retail holdings. Tesoro announced Monday its plans to acquire BP's 266,000-barrel-per-day refinery in Carson, Calif. However, the purchase also includes a retail network of about 800 dealer-operated gas stations in Southern California, Nevada and Arizona as well as the ARCO and ampm convenience store brands. These independently owned and operated stores currently buy an average of 245,000 gallons per month wholesale from the BP refinery. This agreement with London-based BP is expected to bolster Tesoro's existing retail network, which currently consists of more than 1,375 branded stations - including nearly 590 company owned gas stations that operate under the Tesoro, USA Gasoline and Shell brands. The Carson refinery is located south of Los Angeles. Tesoro intends to integrate that refinery with its existing 97,000-barrel-per-day refinery in Wilmington, Calif. Tesoro also owns a 166,000-barrel-per-day refinery in Martinez, Calif. The purchase also includes three marine terminals; four land storage terminals; four product marketing terminals; and more than 100 miles of pipelines. Tesoro will have pipeline access to Los Angeles International Airport. The total deal is valued at $2.5 billion. San Antonio-based Tesoro (NYSE: TSO) operates seven refineries in the western United States with a combined capacity of 675,000 barrels per day. That number will jump to eight facilities once the BP refinery acquisition closes - slated for mid-2013.

http://bp-holdings-barcelona-madrid-spain.wikia.com/wiki/BP_Holdings_Barcelona_-_Bly_Report:_recommendation_to_reality Immediately after the Deepwater Horizon accident in the Gulf of Mexico, BP asked its most senior safety professional, Mark Bly, to lead an investigation relating to the causes of the incident and make recommendations to help prevent such accidents from occurring. The investigation led to 26 recommendations for reducing risk in BP's drilling operations. Since the report's publication in 2010, BP has made a significant progress in implementing those 26 recommendations. BP Magazine finds out more In September 2010, four months after the Deepwater Horizon accident in the Gulf of Mexico, BP released its Deepwater Horizon Accident Investigation Report, known as the Bly Report, concluding that the accident resulted from a complex, interlinked series of failures involving multiple parties. The report was the work of an investigation team led by BP's head of safety and operations, Mark Bly, and consisted of more than 50 technical and other specialists, drawn not only from BP but also the wider energy industry. The team made 26 recommendations specific to drilling, aimed at further reducing risk. Accepting all of these recommendations, BP committed to their implementation across its worldwide drilling operations and the recommendations are now in the process of being implemented into the well designs by engineers and operations personnel. That implementation is overseen by the global wells organisation (GWO), established by BP in April 2011 to facilitate a stronger, centralised and standardised approach to all BP-operated wells activity. "Our mission is to deliver safe, compliant and reliable wells for BP," says Richard Lynch, head of GWO. "We have to be very clear about the work we are doing and the risks involved, and have plans in place to manage those risks. "Successfully delivering the report's recommendations will standardise th