BP to lock out workers at Whiting refinery
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The British energy major continues to simplify its portfolio and shore up its balance sheet.
March 19 (Reuters) - BP said on Thursday it would sell its German oil refinery site in Gelsenkirchen to investment firm Klesch Group for an undisclosed sum and raised its cost reduction target, in the latest move to simplify its portfolio and shore up its balance sheet.
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BP wins U.S. OK for its first new Gulf of Mexico field project since 2010 Deepwater Horizon disaster
BP received U.S. approval to advance its Kaskida project in the deepwater Gulf of Mexico, its first virgin field development in the region since the 2010 Deepwater Horizon disaster.
Hours before the deadline, both BP and the United Steelworkers 7-1 announced the union rejected the company’s “last, best and final offer” Thursday evening. According to a union news release, 94% of its members voted Thursday and 98.
ExxonMobil, BP and Vitol are shipping a record volume of oil products to Australia from the United States in March, shipping data from trading sources shows, filling a gap left by the loss of regular supplies from Asia as the Iran conflict disrupts supplies.
BP said its Azule Energy 50-50 joint venture in Angola with Eni has started producing natural gas from the Quiluma field, part of the country's New Gas Consortium.
BP announced the changes on its negotiations website, ahead of a potential United Steelworkers Union strike or lockout at the Whiting refinery.
Explore the top companies owned by BP, including key subsidiaries and business segments, and learn how they contribute to its global operations and strategy.
BP said on Thursday it would sell its Gelsenkirchen refinery to Klesch Group as it raised its cost reduction target by around $1 billion to $6.5 to $7.5 billion by 2027.