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PBF Energy on Thursday announced plans to spend $322 million to buy a refinery and pipelines outside of New Orleans in a deal that gives the company a new footprint in the booming Gulf Coast refining corridor.
The Marathon workers, who became locked in a heated battle over local issues including proposed company changes in work schedules and safety procedures, remain the only work group out of 15 nationwide still on the picket lines.
Enterprise Products Partners evacuates three offshore platforms; other companies watching tropical storm closely
Oil companies and refiners are keeping a close eye on a tropical disturbance in the Gulf of Mexico, but the storm hasn’t shut down operations or triggered evacuations of essential personnel.
The pact, if approved by the union members, would mark the end of a nationwide walkout that at its height affected 15 refineries, chemical plants and other locations.
Exxon Mobil Corp. will get help from the U.S. government in paying for clean up costs at two refineries that produced billions of gallons of aviation fuel for allied forces during World War II and the Korean War.
“It’s now just become part of our lives,” Patty Jensen said of the massive spill from a Tesoro Corp. pipeline that was discovered in September 2013 by her husband.
Refiners are pocketing big profits as they soak up vast supplies of cheap oil and transform it into higher priced petroleum products, a new government report finds.
The federal government said Marathon failed to comply with some fuel quality emissions standards along with record keeping, sampling and testing requirements.
Tesoro’s project, the Uinta Express Pipeline, was to have shipped thick waxy crude oil from Utah’s Uinta Basin to the company’s plant in Salt Lake City.
In a call with investors on Thursday, Phillips 66 revealed that it will postpone plans for at least a year to build a condensate splitter and second fractionator at its Sweeny refinery.