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February 05, 2016 7:53 PM ET

Oil, Gas and Consumable Fuels

Company Overview of BP Products North America Inc.

Company Overview

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

United States

Founded in 1954

Phone:

630-536-8544

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 and BP Products North America Form Joint Venture Limited Liability Company Terminal Business

Kinder Morgan has finalized agreements with BP Products North America, a subsidiary of BP, to acquire 15 refined products terminals and associated infrastructure in the US in a transaction valued at approximately $350 million. Both companies will form a joint venture (JV) limited liability company 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 Kinder Morgan. Under the terms of the deal Kinder Morgan will own a 75% stake in the JV, with BP owning the balance. The transaction also includes approximately 160 former BP employees.

Air BP, Avinor and SkyNRG Announce Collaboration for Commercial Supply of Jet Biofuel at Oslo Airport Gardermoen

Air BP, Avinor and SkyNRG have announced collaboration for commercial supply of jet biofuel at Oslo Airport Gardermoen. From January 28, all airlines landing at Oslo Airport can have jet biofuel delivered from the airport's main fuel farm, via the existing hydrant mechanism. Lufthansa Group was the first airline to confirm that it will uplift the Air BP aviation biofuel at Oslo, and will be refueling an Airbus A320 aircraft at the airport today. Further airlines including Scandinavian national carrier SAS, and KLM Royal Dutch Airlines, have been quick to demonstrate their commitment to a lower carbon future by confirming they will also purchase jet biofuel at Oslo. Air BP anticipates this will lay the foundations for the increased adoption worldwide of jet biofuel supply. Air BP has worked closely with Avinor to reach milestone, and has agreed provision of a minimum of 1.25 million litres of jet biofuel. Avinor will also support Air BP in its assessment of market demand. The initiative has been driven by the requirement for the aviation industry to work towards a sustainable low carbon future. It acknowledges the International Air Transport Association's aim to achieve carbon neutral growth by 2020 and a 50% reduction in carbon emissions by 2050. Air BP's Biojet initiative further responds to the EU goal to ensure 3.5% of total aviation fuel consumption consists of jet biofuel by 2020.

Kinder Morgan, Inc, BP Products North America Inc. Form Joint Venture Liability Company to Purchase US Terminals from BP

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.

Similar Private Companies By Industry

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Center Terminal Company United States
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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 20, 2015
BP Products North America Inc., 15 Refined Products Terminals and Associated Infrastructure in U.S.
 

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