New Centrica CEO announced

From one huge British energy brand to another – the new Chief Executive of Centrica comes straight from oil giant BP. British Gas-owner Centrica announced its new boss will be Iain Conn, who has been Chief Executive of BP’s refining and marketing division for the past seven years. The 51-year-old Conn will pick up the […]

BP sells Texas refinery for $2.4bn

Oil giant BP announced it has completed the sale of its Texas City refinery (pictured) for an estimated $2.4 billion (£1.5bn). The 475,000 barrels per day refinery will now be owned by Marathon Petroleum, including an associated co-generation plant, natural gas pipelines and four marketing terminals in the Southeast US. The news follows the firm’s […]