BP Amoco is the world’s largest integrated oil concern, ahead of Exxon Mobil. The company, which was formed in 1998 from the merger of British Petroleum and Amoco, grew by buying Atlantic Richfield Company. BP has proved reserves of 14.6 billion barrels of oil equivalent, including large holdings in Alaska. BP is the largest oil and gas producer in the US and also a top refiner. BP operates about 27,000 gas stations worldwide, including approximately 14,200 in the US. In 2003 BP, the Alfa Group, and Access-Renova combined their Russian oil assets to create TNK-BP, one of Russia’s largest oil companies.
BP Amoco
1 St. James’s Square
London SW1Y 4PD, United Kingdom
Phone: +44-20-7496-4000
Fax: +44-20-7496-4630
Oil giant BP has been fined a total of $373m (£182m) by the US Department of Justice for environmental crimes and committing fraud.
The fines include $50m relating to a Texas refinery explosion in 2005 that killed 15 people and injured 170 more.
That sum is the highest fine of its kind levied under the Clean Air Act
The US Occupational Safety and Health Administration (OSHA) has said it will fine BP $92,000 (£44,700) for breaches after a fatal blast in Texas in 2005.
The explosion and fire at BP’s Texas City refinery killed 15 people and injured 180 staff.
The citations, including one for a violation OSHA said may have led to another major accident, come from its post-blast monitoring of the plant
British oil giant BP has been heavily criticised by US safety investigators over a refinery disaster that killed 15 workers in 2005.
According to the draft report from the US Chemical Safety Board, the blast was the result of lax safety culture at BP.
The report also said that the agency in charge of spotting safety problems had failed to see warning signs
BP is facing a fresh lawsuit in the US, alleging it manipulated oil prices by limiting access to important storage facilities in 2003 and 2004.
Oil futures trader Richard Hershey claimed he suffered financial damage as a result of BP’s alleged action, which he said artificially affected prices.
BP said it had not seen the lawsuit and therefore could not comment
British oil company BP could face a criminal investigation in the US over a massive oil spill in Alaska in March.
The Financial Times newspaper has obtained internal emails which show it is under investigation by a grand jury.
The emails reveal BP has been ordered to hand over a number of documents and other data relating to the leak thought to be caused by a corroded pipe
Venezuela has hit UK oil giant BP with a $61.4m (£35m) back tax bill.
The country’s tax authority, the Seniat, said the figure arose from the firm’s operations in the country between 2001 and 2004
BP may face criminal charges over the explosion at its giant Texas refinery that killed 15 workers last March.
The US Department of Labour has referred the case to the Department of Justice, which will now decide whether to pursue it.
The news came on the same day that BP issued its final report on the blast at its Texas City refinery near Houston, which also injured 170 people
ANCHORAGE, Alaska, Dec 15 (Reuters) – An Alaska agency has notified BP Exploration (Alaska) Inc., a unit of BP Plc
LONDON, England — British oil group BP and Russia’s TNK have signed a multibillion-dollar contract to create a joint energy venture, the biggest single foreign investment deal in post-Soviet Russian history.
The agreement, signed Thursday in a joint statement by the companies, will see BP invest a total of $6.15 billion (5