Included page "clone:killajoules" does not exist (create it now)

Sunoco Logistics Partners L.P. Announces Binding Open Season For Project West Texas — Nederland Access
Sunoco Logistics Partners L.P. (NYSE: SXL) today announced that Sunoco Pipeline L.P., West Texas Gulf Pipe Line Company and Mobil Pipe Line Company will commence a binding Open Season for project West Texas – Nederland Access. The project is being developed to deliver crude oil from West Texas to SXL’s Nederland Terminal at Nederland, Texas.

date.png11 Apr 2012 19:43 | comments.png 0 Comments | tags.png n-america pipeline sunoco usa [ More ]

Sunoco Takes Steps to Ensure Reliability of Supply
Sunoco’s exit of the refining business through the sale or idling of the Marcus Hook and Philadelphia refineries has prompted many people to express concern about possible supply disruptions in the Northeast as a result of reduced refining capacity.

date.png11 Mar 2012 19:04 | comments.png 0 Comments | tags.png n-america refinery sunoco usa [ More ]

Sunoco to Idle Main Processing Units at Marcus Hook Refinery
Sunoco, Inc. (NYSE: SUN) announced today that it is indefinitely idling the main processing units at its refinery in Marcus Hook, Penn., due to deteriorating refining market conditions. The company now expects to begin idling the Marcus Hook facility immediately while it continues to seek a buyer and also pursues options with third parties for alternate uses of the facility.

date.png05 Dec 2011 13:43 | comments.png 0 Comments | tags.png refinery sunoco usa [ More ]

Sunoco to Exit Refining and Conduct Strategic Review of the Company
Sunoco, Inc. (NYSE: SUN) announced today that it plans to exit its refining business and has begun a process to sell its refineries located in Philadelphia and Marcus Hook, Penn. Sunoco also announced that it is conducting a comprehensive strategic review of the company to determine the best way to deliver value to shareholders, including how best to utilize the company's strong cash position and maximize the potential for Sunoco's logistics and retail businesses. Credit Suisse Securities (USA) LLC has been retained to assist in the review process.

date.png06 Sep 2011 13:46 | comments.png 0 Comments | tags.png refinery sunoco usa [ More ]

Sunoco Logistics Partners To Buy Eagle Point Tank Farm And East Boston Terminal
Sunoco Logistics Partners L.P. (NYSE: SXL) announced today that it has reached an agreement with Sunoco, Inc. (NYSE: SUN) to purchase the Eagle Point tank farm and related assets, located in Westville, N.J., for approximately $100 million in deferred distribution units. Sunoco Logistics anticipates additional capital spending of approximately $90 million to provide for operational flexibility and to meet regulatory requirements.

date.png01 Jul 2011 14:50 | comments.png 0 Comments | tags.png deals downstream refinery sunoco usa [ More ]

Sunoco Completes Sale of Toledo Refinery
Sunoco, Inc. (NYSE: SUN) said today that it has completed the previously announced sale of its refinery in Toledo, Ohio to Toledo Refining Company LLC, a wholly owned subsidiary of PBF Holding Company LLC for approximately $400 million (consisting of $200 million in cash and a $200 million two-year note). In addition, the purchase agreement includes a participation payment of up to $125 million based on the future profitability of the refinery. Proceeds for related inventory are estimated at $640 million, with $350 million paid in cash at closing and the remaining balance payable in 90 days. After settlement of related crude payables, net proceeds are expected to be approximately $300 million on a pretax basis.

date.png01 Mar 2011 15:57 | comments.png 0 Comments | tags.png refinery sunoco [ More ]

Sunoco to Sell Toledo Refinery to PBF and Updates on SunCoke Separation
Sunoco, Inc. (NYSE: SUN) today announced that it has reached a definitive agreement to sell its 170,000 barrel-per-day refinery in Toledo, Ohio to Toledo Refining Company LLC, a wholly owned subsidiary of PBF Holding Company LLC. Sunoco will sell the refinery for approximately $400 million (consisting of $200 million in cash and a $200 million two-year note). In addition, the purchase agreement includes a participation payment of up to $125 million based on the future profitability of the refinery. The buyer will also purchase the crude oil and refined product inventory attributable to the refinery which will be valued at market prices at closing.

date.png06 Dec 2010 06:33 | comments.png 0 Comments | tags.png deals ohio pbf refinery sunoco toledo [ More ]
page 2 of 2« previous12
Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License