BP Texas City refinery to miss restart goal
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Delays to the restart of a crude unit at BP Plc's  Texas City, Texas, refinery will cause it to miss its goal of raising crude oil processing rates at the refinery to 400,000 barrels per day by the end of 2007, a source familiar with refinery operations said Monday.
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Oil giant BP Plc  said on Friday it settled two more civil lawsuits linked to the 2005 blast at its Texas City, Texas, refinery that killed 15 people.
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PRUDHOE BAY, Alaska, Aug. 31 -- BP officials are increasingly optimistic that Prudhoe Bay oil production may return to normal levels earlier than they initially expected. A portion of the pipeline idled by corrosion concerns may be useable at least temporarily, they said, while other questionable...
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Oil hit a fresh five-month low on Friday   after U.S. fuel supplies rose and BP said it might fully   restore the largest U.S. oilfield sooner than expected.
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BP BP.L told U.S. lawmakers on   Thursday that it could restart its giant oil field in Alaska by   the end of October after rusty pipelines forced part of the   field shut last month, though a former senior BP manager in   Alaska refused to testify about the pipeline corrosion.
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The move threatens to slow the development of the largest oil find in the world in three decades.
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Oil slipped toward $63 on Tuesday as   traders balanced healthy U.S. fuel stocks ahead of winter with   a fresh delay to BP's giant Thunder Horse oilfield in the Gulf   of Mexico.
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PORT HARCOURT, Nigeria  - A Nigerian community,  which forced ChevronTexaco to shut in 20,000 barrels per day of  crude for weeks, has ended its dispute with the U.S. oil giant,  saying it can resume production.
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A complete shutdown of BP Plc.'s   giant Prudhoe Bay field may not be necessary, and global  crude supplies look sufficient to hold U.S. refiners over while  BP fixes a leaky pipeline, U.S. Energy Secretary Sam Bodman  said on Tuesday.
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The board of Russia&#39;s embattled oil giant Yukos will halt crude supplies to Baltic refinery Mazeikiu Nafta until the end of the year, the Interfax agency reported Monday - just hours after Yukos confirmed a similar move involving a Chinese company.
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Oil giant BP Plc has denied misleading a   U.S. environmental regulator about having installed safety   equipment at its Texas City refinery that investigators believe   would have reduced the likelihood of a fatal explosion last   year.
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BP Plc BP.L this week will conduct   safety tests and seek government permission to restart part of   the eastern Prudhoe Bay oil field pipeline in Alaska that was   shut due to corrosion, the company told Congress on Tuesday.
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The head of the House Energy and   Commerce Committee chided BP Plc. BP.L executives on Thursday   for overlooking corrosion that threatened to shut down the   giant Prudhoe Bay oil field in Alaska, calling the UK-based   energy giant's policies "as rusty as its pipelines."
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Following the latest in a series of major setbacks in the United States the oil giant BP said last week it planned to embark on a major review of its global operations.
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Royal Dutch Shell and Saudi Arabia's state oil company announced Friday they would go ahead with a $7 billion expansion of a jointly-owned Texas refinery that will make the plant one of the biggest in the world.
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By Dina Cappiello, Houston Chronicle  Feb. 13--Representatives of Houston's business community on Monday urged City Council to delay action on two proposals that would make it easier for the city to penalize companies causing unhealthy levels of air pollution.
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A proposed $50m fine for an explosion at a BP plant in Texas is too low, lawyers for the victim's families say.