bp has reached an agreement to sell its 50 % interest in the bp- Husky Toledo Refinery in Ohio to Calgary-based Cenovus , its joint venture partner in the facility . Under the terms of the deal , Cenovus will pay USD 300M for bp ’ s stake in the refinery , plus the value of inventory , and take over operations when the transaction closes , which is expected to occur later in 2022 . bp and Cenovus will also enter into a multi-year product supply agreement . The bp-operated refinery , which can process up to 160,000 barrels of crude oil per day , has been an important part of the region ’ s |
economy for more than 100 years , supporting jobs and safely supplying |
gasoline , diesel , and other essential fuels and products . |
The announcement follows another recent deal with Cenovus that , taken together , will help reshape bp ’ s North American oil and gas portfolio for long-term profitable growth . In June , bp entered into an agreement to sell its interest in the Sunrise oil sands project in Alberta , Canada , to Cenovus and agreed to acquire Cenovus ’ s interest in the Bay du Nord project offshore Newfoundland and Labrador . Following the close of that deal , also expected in 2022 , bp will no longer have interests in oil sands production and will shift its focus to future potential offshore growth in Canada . |
Kelvion announces that Mark Bevan is appointed as EVP and Chief Financial Officer ( CFO ) as of September 1st 2022 . He will be succeeding Marcus Mayer who will – as part of a long planned transition – leave Kelvion to pursue other opportunities outside the company , effective as of the end of August 2022 . Mark Bevan is a results-driven finance professional with an impressive track record in accounting , |
business improvement , turnaround , and strategy development across a |
broad range of industrial sectors . He brings almost 30 years of leadership experience in a wide range of finance and business functions within highly relevant industries . Mark joined Kelvion earlier this year as SVP , Controlling and Accounting as part of the planned transition of CFO duties . Throughout his career Mark has worked in various senior financial and CFO positions at companies including Mayborn |
Group , JCB Excavators Ltd . and Staffline Group . Most recently Mark was Group CFO for Nylacast Group , a manufacturer of engineered parts and assemblies . Mark has a strong international background and will relocate to the Bochum area in the near future . Mark is a Fellow of the Chartered Institute of Management Accountants ( FCMA ) and holds a Diploma in Management Studies . |