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BP. Bp Plc

510.40
-5.40 (-1.05%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bp Plc LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.40 -1.05% 510.40 509.40 509.50 516.60 506.10 516.30 26,147,354 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining 211.6B 15.24B 0.8934 5.70 86.91B

Two Explosions Rock Mississippi Natural Gas Plant

28/06/2016 4:50pm

Dow Jones News


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Two explosions and a fire rocked a natural gas plant in southern Mississippi on Monday night, but no one was injured, authorities said.

Emergency Management Director Early Etheridge in Jackson County said the first explosion occurred at 11:30 p.m. and was followed by a larger explosion minutes later. Mr. Etheridge said the second blast could be felt up to 10 miles away.

"The two workers on duty were in a safe room at the time of the two explosions and were not injured," Mr. Etheridge said.

"The explosion and fire which followed has heavy damaged the processing area," he said.

Mr. Etheridge added that the fire still burned Tuesday morning but "has diminished over the past several hours."

Firefighters continued to stream water on the fire, he said.

"What's burning now is residue in the lines," he said. "We aren't sure how long it will continue to burn."

The plant located near Pascagoula had just been sold to the minority owner, Enterprise Products Partner L.P., from majority owner BP.

Company spokesman Rick Rainey said the Houston-based company had owned 40% and BP 60%.

"Once the fire is out, we'll launch an investigation into the cause of the explosion and fire," Mr. Rainey said.

The Mississippi plant removes the liquid from natural gas and ships it to utilities along the East Coast, Mr. Rainey said. The liquid is then sent to other plants where propane and butane are produced.

"We do not know at this time how long with plant will be offline," Mr. Rainey said.

He said the plant has a capacity of 1.5 billion cubic feet of natural gas a day, but the plant was nowhere near its capacity.

Copyright 2016 Associated Press

 

(END) Dow Jones Newswires

June 28, 2016 11:35 ET (15:35 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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