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Refining Business

Refining Business news and technical articles from Oil & Gas Journal. Search Refining Business latest and archived news and articles

  1. Refining business undergoing structural shift to good times

    Online Articles

    Fri, 27 Oct 2000

    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

  2. Hess union widens buyer search for New Jersey refinery

    Online Articles

    Mon, 25 Feb 2013

    Hess announced Jan. 28 that it plans to close the plant at the end of February and complete its withdrawal from the refining business after losing money there in two of the last 3 years. “The gigantic gasoline price spikes hitting customers are a

  1. Sunoco continues to restructure, sees profit

    Online Articles

    Wed, 16 Jun 2010

    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

  2. Sunoco, exiting oil refining, puts last two plants on block

    Online Articles

    Tue, 6 Sep 2011

    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

  3. Kinder Morgan to buy transmix processing business

    Online Articles

    Fri, 13 Oct 2000

    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

  4. Weak refining margins rein in third-quarter earnings growth


    Mon, 9 Dec 2013

    marketing business reported operating earnings plunged 81% to $592 million, as weaker margins, primarily in its refining business , decreased profits by $2.4 billion. The company's upstream earnings were $6.7 billion in this year's

  5. OGJ Newsletter

    Online Articles

    Mon, 30 Apr 2012

    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

  6. New joint venture to keep Philadelphia refinery in operation

    Online Articles

    Mon, 2 Jul 2012

    the press statement. Refining changes Disposal of the Philadelphia facility will complete Sunoco’s exit from the refining business . Sunoco earlier shuttered its 178,000-b/d refinery at Marcus Hook, Pa., also in the Philadelphia area

  7. Capital spending in US, Canada to rise led by pipeline investment boom

    Magazine Articles

    Mon, 4 Mar 2013

    down from $559 million last year. Income project spending will slump 20% to $305 million. Hess will exit the refining business after closing the 70,000-b/d fluid catalytic cracking unit at Port Reading, NJ. It also plans to sell its US

  8. Midstream drives M&A

    Online Articles

    Mon, 30 Jul 2012

    April, Energy Transfer Partners LP agreed to buy Sunoco Inc. for $9 billion. Sunoco has been withdrawing from the refining business and operates the general partner interest of Sunoco Logistics Partners LP, which owns products pipelines and terminals

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