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

  1. New joint venture to keep Philadelphia refinery in operation

    Online Articles

    Mon, 9 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

  2. Energy Transfer Partners to acquire Sunoco

    Online Articles

    Mon, 30 Apr 2012

    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

  3. OGJ Newsletter

    Magazine Articles

    Mon, 4 Mar 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

  4. OGJ Newsletter

    Magazine Articles

    Mon, 12 Sep 2011

    Quick Takes Sunoco exiting oil refining business Sunoco Inc., Philadelphia ..... refineries and plans to leave the oil refining business to complete what it calls ..... which is withdrawing from the refining business , agreed in July to sell its

  5. Murphy agrees to sell Wisconsin refinery

    Online Articles

    Tue, 26 Jul 2011

    By OGJ editors HOUSTON, July 26 -- As part of a strategy announced last year to exit the refining business , Murphy Oil Corp. has entered an agreement to sell its 33,250-b/cd refinery at Superior, Wisc., to Calumet Specialty

  6. Murphy Oil to exit refining, focus on E&P

    Online Articles

    Fri, 23 Jul 2010

    By OGJ editors HOUSTON, July 23 – Murphy Oil Corp. plans to sell its three refineries to exit the refining business and concentrate on exploration and production and US retailing. In a press statement announcing it would offer the refineries for

  7. Murphy settles pollution charges at two US refineries

    Online Articles

    Wed, 29 Sep 2010

    day trial, DOJ said. The new settlement replaces that agreement. In July Murphy announced plans to leave the refining business by selling the two US plants as well as one in Milford Haven, Wales, and its entire UK retailing system. It anticipates

  8. EIA sees impacts from idling half of Northeast's refining capacity

    Online Articles

    Mon, 9 Jan 2012

    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

  9. Fitch: 'Reasonably sized' downstream deals to have modest impact

    Magazine Articles

    Mon, 13 Jun 2011

    interest in Ruhr Oel of Germany at $6,868/b/d, and PetroChina's offer of a 50% stake in the European refining business of INEOS at $4,833/b/d. "Russian oil and gas companies remain interested in downstream integration in the

  10. OGJ Newsletter

    Magazine Articles

    Mon, 1 Aug 2011

    PROCESSING — Quick Takes Murphy agrees to sell Wisconsin refinery As part of a strategy announced last year to exit the refining business , Murphy Oil Corp. has entered an agreement to sell its 33,250-b/cd refinery at Superior, Wisc., to Calumet

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