BP

We need to pay attention to this brewing issue at BP. Toledo is supposed to be one of the main, mainland processors of oil sand crude and if there already is shareholder concern, what will happen to the future of the refinery in Oregon especially after they spend lots of money to convert it to process oil sand crude? If the Oregon plant is converted and BP pulls out, will it be rendered useless and close down? We will have to watch this.
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From the Financial Post:
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Plans for Sunrise call for a steam-assisted gravity drainage project, where steam is pumped into the earth to loosen up the tarry bitumen in the oil sands so it can be pumped to the surface in wells.

Husky and BP also co-own a refinery in Toledo, Ohio, which is targeted for US$2.5-billion of retooling work so it can run the oil sands-derived crude.

Does not answer the question of how this will affect the Oregon refinery.
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CALGARY -- British oil major BP PLC said it’s slowing down its oil sands plans with partner Husky Energy Inc. because it expects costs to deflate.

Andy Inglis, head of exploration and production at BP, said Tuesday a decision on whether to go ahead with the Sunrise project has been pushed back to 2010. The decision had been expected in late 2008.
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“We will proceed or not proceed depending on its viability on the day,” he said.

UK supermajor BP and Canadian integrated Husky Energy may “scale back” their Sunrise oil sands project in Alberta as they seek to cut costs.

Husky boss John Lau earlier this week estimated development costs at $2.5 billion, compared with an agreement in 2007 to spend about $5.5 billion through 2015.

The partners have delayed a final investment decision on the project until next year on expectation of falling industry costs.

http://www.upstreamonline.com/live/article176596.ece

I don't know what it is, but it sounds important.

BP has restarted a coking unit at its 155,000 barrel per day Toledo, Ohio refinery after a turnaround that lasted approximately six weeks, a source familiar with refinery operations said on Thursday.

http://www.reuters.com/article/rbssEnergyNews/idUSN0442825920080904