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Houston, Texas 77027
(713) 621-9720
Copyright © 2010: PennWell Corporation
All Rights Reserved.
Refining Business news and technical articles from Oil & Gas Journal. Search Refining Business latest and archived news and articles
Refining business undergoing structural shift to good times The refining business is soaring today, and the current ..... the underlying fundamentals of the refining business worldwide bespeaks an upward trend
Sunoco Inc., Philadelphia, hopes to sell its remaining two refineries and plans to leave the oil refining business to complete what it calls “a fundamental shift away from manufacturing.” The company has retained Credit Suisse Securities
editors HOUSTON, June 16 -- Sunoco Inc., Philadelphia, is taking another restructuring step and expects its refining business to report a profit for the quarter ending June 30. The company plans to separate SunCoke Energy Inc. in a transaction
Houston-based Kinder Morgan Energy Partners LP has agreed to buy the transmix refining business of Buckeye Pipe Line Co., general partner of Buckeye Partners LP, Emmaus, Penn., for $37 million in cash plus net working
acquire Sunoco Inc. in a unit and cash transaction valued at $5.3 billion. Sunoco has been withdrawing from the refining business and now operates mainly as a logistics and retail business, owning the general partner interest of Sunoco Logistics
refinery, considered pivotal to East Coast product supply, from closing in July. Sunoco, which is exiting the refining business , said it has entered exclusive discussions with the Carlyle Group about a joint venture that would keep the refinery
it warned of trouble if Sunoco closes its 335,000-b/d refinery in Philadelphia. The company is exiting the refining business and wants to sell the Philadelphia facility, its last. If unsuccessful by July, it will quit running crude. Market
refinery , considered pivotal to East Coast product supply , from closing in July. Sunoco, which is exiting the refining business , said it has entered exclusive discussions with the Carlyle Group about a joint venture that would keep the refinery
acquire Sunoco Inc. in a unit and cash transaction valued at $5.3 billion. Sunoco has been withdrawing from the refining business and now operates mainly as a logistics and retail business, owning the general partner interest of Sunoco Logistics
to sell its plants at Marcus Hook (which it idled on Dec. 1) and Philadelphia, with the intent of leaving the refining business in 2012. ConocoPhillips Co. announced later that month that it planned to shut down its Trainer refinery prior