Oil, Gas and Consumable Fuels
Company Overview of BP Products North America Inc.
BP Products North America Inc. provides oil and natural gas exploration, development, production, and marketing services. It also operates petroleum refineries and pipelines. BP Products North America Inc. was formerly known as Amoco Oil Company and changed its name to BP Products North America Inc. in October 2001 as a result of acquisition by BP plc. The company was founded in 1954 and is headquartered in Naperville, Illinois. BP Products North America Inc. operates as a subsidiary of BP Corporation North America, Inc.
3343 Lapp Lane
Naperville, IL 60564
Founded in 1954
Key Executives for BP Products North America Inc.
BP Products North America Inc. does not have any Key Executives recorded.
BP Products North America Inc. Key Developments
Kinder Morgan, Inc, BP Products North America Inc. Form Joint Venture Liability Company to Purchase US Terminals from BP
Oct 20 15
Kinder Morgan, Inc. announced that the company has finalized agreements with BP Products North America Inc. to acquire 15 refined products terminals and associated infrastructure in the United States in a transaction valued at approximately $350 million. Kinder Morgan and BP will form a joint venture limited liability company (JV) terminal business to own 14 of the acquired assets, which Kinder Morgan will operate and market on the JV's behalf. One terminal will be owned solely by KMI. The terminals, with approximately 9.5 million barrels of storage, are pipeline-connected to key refining and processing centers across the United States and offer extensive truck, vessel, and barge access and terminal service capabilities. In connection with the transaction, BP will enter into commercial agreements securing long-term storage and throughput capacity from the JV, which plans to market additional capacity to third-party customers. The transaction is expected to close in the first quarter of 2016. Kinder Morgan will own a 75% interest in the JV, with BP owning the balance. The terminals are located in the Midwest, Northeast, Southeast and on the West Coast.
B.P. Products North America Wins $242.07 Million Federal Contract
Sep 26 15
B.P. Products North America, Chicago, was awarded a $242,072,272 federal contract by the Defense Logistics Agency for fuel for Alaska, California, Hawaii, Illinois, New Mexico, Oklahoma, Oregon, Texas, Utah, Virginia, Washington and Wyoming.
BP Products North America Wins Contracts for Delivery of Crude Oil to Strategic Petroleum Reserve
Apr 9 15
The U. S. Department of Energy announced the award of contracts for delivery of crude oil to the Strategic Petroleum Reserve. BP Products North America Inc., will deliver 2,197,500 barrels and Noble Americas will deliver 2,000,000 barrels to the Reserve's Bryan Mound site in Freeport, Texas. Deliveries are expected to be completed by July 31, 2015. The awards are repurchasing crude oil sold during a 2014 test sale, using $239.2 million funds from the sale. The Department is required by law to buy back petroleum products within one year of completion of a test sale to the extent funds are available from the sale. Funding from the test sale was also used to establish the Northeast Gasoline Supply Reserve in 2014.
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