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February 14, 2013
07:33 EDTSO, BPBP warned of threats in Algeria in 2011and 2012, WSJ reports
In 2011 and 2012, well before the recent terrorist attack on a natural-gas facility in Algeria, internal BP (BP) reports cautioned company staff that the killing of Osama bin Laden result in new threats from al Qaeda offshoots in Africa, reports the Wall Street Journal. The reports, seen by the Journal, anticipate the emergence of groups like the one that launched a deadly attack against the plant in In Amenas, Algeria, which BP operates in a joint venture with Algerian state-oil company Sonatrach and Norway's Statoil (STO). BP wouldn't comment.Reference Link
News For BP;SO From The Last 14 Days
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November 30, 2015
10:41 EDTSOSouthern Company unit acquires solar project in Texas from Recurrent Energy
Earlier today, Southern Company (SO) subsidiary Southern Power announced the acquisition of a controlling interest in the 157-megawatt Roserock solar facility - the company's first solar project in Texas - from Recurrent Energy, one of North America's largest solar developers. The latest addition to one of America's largest renewable portfolios, the facility is being developed by Recurrent Energy, a subsidiary of Canadian Solar (CSIQ) , which will retain the remaining interest in the project.Representing Southern Power and Recurrent Energy's second partnership arrangement, the project, currently under construction, is expected to enter commercial operation in the fourth quarter of 2016. Southern Power's 20th solar acquisition, the Roserock solar facility fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
November 19, 2015
16:40 EDTSOAGL Resources holders vote to approve merger with Southern Company
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November 17, 2015
10:16 EDTBPBP confirms exploring sale of Alabama petrochemical facility
BP confirmed that it has decided to market for sale its Decatur, Alabama, petrochemicals complex as part of a broader reorganization of the company's global petrochemicals business. BP said its refocused petrochemicals strategy is pursuing a competitively advantaged portfolio through world-scale, low-cost facilities that utilize BP proprietary technology including the production of purified terephthalic acid, or PTA, a key raw material in the production of polyester. BP is spending $200M to upgrade its Cooper River, S.C., plant and its sister facility in Geel, Belgium - the largest PTA-producing sites in the Americas and Europe, respectively. The investment will enable the two facilities to lower operating costs, improve reliability and reduce emissions. Earlier this year, BP also started up its new Zhuhai 3 unit in Guangdong Province, China. Using BP's latest technology and capable of producing up to 1.25M tons of PTA per year, Zhuhai 3 is the world's largest single-train PTA production unit as well as being one of the largest and most efficient PTA production units in the world. While BP's Decatur complex no longer fits with this strategy, the facility has been a major contributor to BP's U.S. petrochemicals business for many years. It makes chemicals essential for the production of thousands of items, from plastic water bottles to flat-screen televisions. BP expects to complete a sale of all or part of the facility provided a buyer can be found and an acceptable deal can be reached. Reference Link
09:48 EDTBPBP to explore sale of Alabama petrochemical plant, Bloomberg reports
Bloomberg cites e-mailed statement from BP.

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