ENERGY BRIEFS

ENERGY BRIEFS

BP CONFIRMS PLANS

TO SLASH OFFICE STAFFBritish Petroleum Co. confirmed Monday that its headquarters staff will be reduced by about 900 by the summer.

The layoffs are part of "Project 90," a corporate restructuring commissioned by Chairman Robert Horton last July. A total of 1,150 jobs will be eliminated from BP's head offices in the restructuring, with 900 employees laid off and others reassigned.

The layoffs will affect mostly computing and office management, and will reduce total head office staff to just over 1,000.

PIPELINE COMPANY BUYS

SHELL'S TUCSON TERMINAL

LOS ANGELES - Santa Fe Pacific Pipeline Partners L.P. completed the

purchase of Shell Oil Co.'s refined products terminal at Tucson, Ariz., it was announced Friday.

The terminal has 191,000 barrels of product storage and truck loading bays adjacent to the partnership's existing Tucson terminal.

John P. DesBarres, Santa Fe Pacific Pipeline president and chief executive, said that the terminal can be integrated with the partnership's existing terminal.

The purchase price was not disclosed, but he said funding was internally generated.

Santa Fe Pacific Pipeline Partners is the one of the largest independent refined petroleum products pipelines in the Western United States, serving six states.