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MOSCOW (MRC) -- BP Plc notified
officials in Chicago and the state of Illinois of possible layoffs affecting
more than 250 salaried employees at the company’s offices, reported Reuters with reference to
BP's statement.
BP is also reviewing the organizational structure at
its Whiting, Indiana, oil refinery 28 miles (45 km) southeast of
Chicago.
BP’s US Pipelines and Logistics office is located in Chicago and
the company has a technology campus in the nearby suburb of Naperville,
Illinois.
In June, BP chief executive Bernard Looney said the company
would cut up to 10,000 jobs, or 15% of its 70,000-person workforce,
worldwide.
In October, Reuters reported only 2,500 people had taken
voluntary severance packages offered by BP and 7,500 people worldwide would have
to be laid off.
As MRC wrote
previously, BP Australia plans to shut its 146,000 b/d Kwinana refinery in
Western Australia and convert it into a fuel import terminal, according to the
company's statment Oct. 30. The continued growth of large scale, export-oriented
refineries throughout Asia and the Middle East has structurally changed the
Australian market, BP said, adding that regional oversupply and sustained low
refining margins mean the Kwinana refinery is no longer economically viable.
Converting the refinery into an import terminal will help ensure ongoing
security of fuel supply for Western Australia, the company said. Refining
activities will wind down over the next six months and conversion works will
carry on out to 2022.
We remind that a “technical defect” disrupted
production at part of the Gelsenkirchen integrated refinery and petrochemicals
complex in Germany, in late October. The company operates plants in the Horst
and Scholven districts at Gelsenkirchen, with the defect occurring at Horst. BP
sais it was working to resume normal operations as soon as possible. It did not
specify which unit has been affected, with sources suggesting it was the fluid
catalytic cracker, but this was not confirmed by the company.
Ethylene
and propylene are feedstocks for producing PE and polypropylene
(PP).
According to MRC's ScanPlast report,
Russia's estimated PE consumption totalled 1,594,510 tonnes in the first nine
months of 2020, up by 1% year on year. Only high denstiy polyethylene (HDPE)
shipments increased. At the same time, PP shipments to the Russian market
reached 880,130 tonnes in the nine months of 2020 (calculated using the formula:
production minus exports plus imports, exluding producers' inventories as of 1
January, 2020). Supply increased exclusively of PP random copolymer.
BP
plc (formerly The British Petroleum Company plc and BP Amoco plc) is a British
multinational oil and gas company headquartered in London, United Kingdom. It is
one of the world's seven oil and gas "supermajors", whose performance in 2012,
made it the world's sixth-largest oil and gas company, the sixth-largest energy
company by market capitalization and the company with the world's 12th-largest
revenue (turnover). It is a vertically integrated company operating in all areas
of the oil and gas industry, including exploration and production, refining,
distribution and marketing, power generation and trading. It also has renewable
energy interests in biofuels, wind power, smart grid and solar
technology. |
