The long-awaited report by the US Chemical Safety Board concluded that “organizational and safety deficiencies at all levels of the BP Corporation” caused the fire at the company’s Texas refinery in 2005.
The 335-page report calls on the U.S. Occupational Safety and Health Administration (OSHA) to increase inspection and enforcement at U.S. oil refineries and chemical […]

The top honchos at BP will be sweating as they await today’s publication of the US Chemical Safety and Hazard Investigation Board’s report into the Texas fire. By all accounts it will not make for comfortable reading.
The ante has been upped by the head of the Board who was she was “absolutely terrified” that a […]

Tomorrow investigators for the US Chemical Safety and Hazard Investigation Board (CSB) will publish their long awaited report in the cause of fatal explosion at BP’s Texas refinery in March 2005.
However it has now emerged that BP board directors were aware of the link between spending cuts and poor maintenance at its Texas […]

China Petroleum & Chemical Corp - better known as Sinopec – has signed a $3.5 billion contract with Saudi Aramco and Exxon Mobil for a refinery in southern China’s Fujian province.
The refinery in Quanzhou will have a crude refining capacity of 240,000 barrels a day and is expected to be operational in early 2009.

Lukoil, Russia’s largest oil company, is slowly buying up influence in Europe according to an article in the Financial Times.
Whilst, its rival, Gazprom has often stirred controversy through headline-making projects, Lukoil is quietly concentrating on countries in south-east Europe where Russia is seen with less suspicion than the rest of the continent.