Items Tagged with 'bp'

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Shale oil is set to increase its importance globally and will continue to expand in terms of production and share on the international energy market, to account for 9% of total global production.

BP Southern Africa will spend 4.7 billion rand in South Africa, including 2.5 billion rand to upgrade the Sapref refinery in Durban, and 800 million rand to refurbish infrastructure in Mozambique.

According to the lawsuit's 474 plaintiffs, BP's refinery released sulfur dioxide, methyl carpaptan, dimethyl disulfide and other toxic chemicals for 15 consecutive days in November 2011.

According to BP, the next two decades will witness strong growth in production of gas and oil from unconventional sources, which will cause a significant change in global energy markets.

The U.S. Department of Justice announced last week that drilling rig operator Transocean Deepwater, whose floating Deepwater Horizon oil rig exploded in 2010, has agreed to plead guilty to violating the Clean Water Act.

Oil & gas giant BP reached an agreement in October to sell its Texas City, Texas, refinery and a portion of its retail and logistics network in the Southeast U.S. to Marathon Petroleum Corp. for $2.5 billion.