BP to sell Texas City refinery

Beaumont Enterprise

BP announced Tuesday it plans to sell its Texas City and Carson, Calif. refineries, cutting its U.S. refining capacity in half.

Beaumont attorney Brent Coon, who represented plaintiffs in a lawsuit against BP after the company's 2005 Texas City refinery explosion, said it's not clear how the facility's ongoing probation status under a federal criminal settlement will impact the sale.

BP to divest half its U.S. refining capacity

Reuters

BP Plc put half its U.S. refining assets up for sale on Tuesday, including the huge Texas City plant, a potentially prize asset but one that carries the stigma of a 2005 blast that killed 15 workers.

Gunning for BP

Petroleum Economist


HE RIDES a Harley, plays guitar in a rock band and goes skydiving. But Brent Coon's name is known for something else: suing BP. And that's ok with him. With Coon leading many of the lawsuits against BP following the Texas City refinery disaster of 2005, which killed 15 workers and injured more than 100, the settlements ran to more than $3bn.

Transocean ordered to turn over audits and records on all of its Gulf of Mexico vessels

Times Picayune

U.S. District Court Judge Carl Barbier ordered Transocean Ltd. Friday to give safety audits and other materials on all of its vessels in the Gulf of Mexico to government investigators, and not just material related to the Deepwater Horizon rig.

Special report: How BP's oil spill costs could double

Originally posted on CNBC.com - December 1, 2010

LONDON - Last month, BP increased by $8 billion the financial provisions it was taking for the Gulf of Mexico oil spill; the company's shares rose. Better-than- expected underlying profits and upbeat comments from new Chief Executive Bob Dudley were taken by the market as a sign the company had turned the corner and would soon return to pumping out steadily rising dividends.

Sex, Drugs & Alcohol: How BP Secured an Oil Deal in Azerbaijan

As reported late last ...

Beaumont law firm to collect evidence in federal lawsuit against BP, others

Beaumont Enterprise

Several law firms, including Brent Coon and Associates, will participate in the complicated evidence-gathering process, which is expected to last well into 2011 and produce tens of millions of documents.

Scores of Lawyers Apply for Lead Counsel in BP Litigation

Law.com

More than 100 lawyers who are suing BP PLC over the Deepwater Horizon oil spill have applied for coveted places on the committee that will lead the multidistrict litigation, citing either the extensive work they've already done or the unique role they would serve as the representative of a specific group of alleged victims.

DOJ Refuses to Revoke BP's Probation Over Safety Violations at Texas City Refinery

Truthout.org

The Department of Justice (DOJ) has refused to pursue a probation revocation case against BP after the company was found to have violated a federal judge's March 2009 felony judgment, which required BP to fulfill the terms of a settlement agreement it entered into with government regulators five years ago to make certain safety upgrades at its Texas City refinery by September 2009, according to documents obtained by Truthout.

BP’s Probation Over Fatal Texas Blast Won’t Be Revoked by U.S.

Businessweek

BP Plc’s probation for violating a plea deal that resolved the company’s criminal liability for a fatal 2005 explosion at its Texas City, Texas, refinery won’t be revoked by the U.S. Justice Department.