April 21, 2018 7:33 PM ET

Oil, Gas and Consumable Fuels

Company Overview of BP Pipelines (North America), Inc.

Company Overview

BP Pipelines (North America), Inc. owns, operates, and supplies pipelines and terminal facilities throughout the central United States, Pacific Northwest, and the Gulf of Mexico. The company transports oil, natural gas, natural gas liquids, and refined products. It holds an interest in multiple joint ventures. BP Pipelines (North America), Inc. was formerly known as BP Amoco Pipelines (North America) Inc. and changed its name to BP Pipelines (North America), Inc. in 2000. The company was incorporated in 1916 and is based in Naperville, Illinois with control centers in Oklahoma and Washington. BP Pipelines (North America), Inc. operates as a subsidiary of BP p.l.c.

150 West Warrenville Road

Naperville, IL 60563

United States

Founded in 1916

Phone:

630-536-2532

Fax:

630-536-2214

Key Executives for BP Pipelines (North America), Inc.

President
Age: 59
Secretary
Compensation as of Fiscal Year 2017.

BP Pipelines (North America), Inc. Key Developments

BP Midstream Seeks Acquisitions

BP Midstream Partners LP (NYSE:BPMP) is seeking acquisitions. BP Midstream Partners LP plan to pursue acquisitions of complementary assets from third parties. BP Midstream may pursue acquisitions jointly with BP Pipelines (North America), Inc.

Marathon Petroleum Corp Sues BP Plc for Breach of Contract in Texas Oil Refinery Sale

Marathon Petroleum Corp. alleged BP Plc failed to deliver a Texas oil refinery and three products terminals in the condition promised under a $2.4 billion sales agreement signed in 2012. Marathon took over the 459,000 barrel-per-day (bpd) refinery in Texas City, Texas, and terminals when the transaction closed on Feb. 1, 2013, and began finding problems that breached the sale agreement. BP also failed to maintain process safety information on 3,756 pressure vessels at the refinery, Marathon alleged. BP began a project in 2010 to compile the process safety information on the pressure vessels, "but it abandoned this project in April 2012 having only completed documentation for 555 of the vessels. Marathon also said BP planned to carry out an overhaul of an aromatics recovery unit prior to the sale being complete, but did not do so after signing the sale agreement. Marathon also wants to terminate payments, as of July 31, 2016, it has been making to BP for servicing retail stations Marathon received as part of the sale. The BP Texas City refinery was the site of a March 23, 2005, explosion that killed 15 workers and injured 180 others. BP was fined USD 84.6 million by the U.S. Occupational Safety and Health Administration between 2005 and 2012 for safety rules violations found at the refinery in investigations following the blast. BP pleaded guilty to a federal environmental law violation and paid USD 50 million to the U.S. Justice Department in 2009. BP also paid more than USD 2 billion to settle lawsuits stemming from the 2005 explosion. Lawsuit was filed in the U.S. District Court for Southern Texas in Galveston, Texas by Marathon subsidiary Marathon Petroleum Co LLC against BP subsidiaries BP Products North America Inc. and BP Pipelines (North America) Inc.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 1, 2017
Stakes in BP Two Pipeline, BP River Rouge, BP D-B Pipeline, Mars Oil and Mardi Gras Pipeline
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