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April 2, 2014
06:24 EDTBPBP says Bulwer Island refinery processing to halt in 2015
BP announced that it intends to halt refining operations at its 102,000 barrels per day Bulwer Island refinery in Brisbane, Queensland by mid-2015. To ensure no disruption to customers, alternate supply arrangements have been made and this includes imports of Jet fuel and a long-term agreement with Caltex for the provision of motor spirit and diesel from the nearby Lytton refinery. It is expected that it will take some twelve months to implement the changes required to maintain supply and safely shutdown the process units. BP currently employs some 380 staff at the refinery and between now and mid-2015 this is expected to fall to around 25.
News For BP From The Last 14 Days
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October 8, 2015
05:24 EDTBPStocks with implied volatility movement; ASNA BP
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October 5, 2015
14:44 EDTBPBP management to meet with JPMorgan
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11:35 EDTBPBP edges 50-day moving average
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11:27 EDTBPU.S., five Gulf states reach settlement with BP; total resolution worth $20.8B
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October 2, 2015
06:28 EDTBPBP in talks over deal with Iran, the Times reports
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October 1, 2015
09:35 EDTBPActive equity options trading on open
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September 28, 2015
10:00 EDTBPOn The Fly: Analyst Initiation Summary
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08:03 EDTBPBP initiated with an Outperform at BMO Capital
06:20 EDTBPBP not concerned over hostile takeover due to Macondo disclaimer, Bloomberg says
BP, which is allegedly readying defenses for potential acquisition offers, isn't concerned about a hostile takeover because of a disclaimer in its Macondo spill settlement that could put $12.6B onto the price tag, Bloomberg reports. A potential buyer may have to accelerate the payment of as much as two-thirds of the $18.7B in penalties BP agreed to pay the U.S. and several states, the report says, citing company filings. An option that provides the government and certain states the power to demand faster payment in a takeover basically hands them a veto over any deal, the report says. Reference Link

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