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NEWS
January 11, 2012
U.S. Sen. Bob Casey on Tuesday urged ConocoPhillips to more clearly lay out plans for its idled Trainer refinery, which the company says it will permanently shut down if a buyer is not found on March 31. The Pennsylvania Democrat, responding to labor union reports that ConocoPhillips plans to demolish the refinery if it is unsold, asked ConocoPhillips chief executive James J. Mulva in a letter to "clearly articulate your current plans for the...
NEWS
March 28, 2012 | By Mike Armstrong, Inquirer Staff Writer
ConocoPhillips said it would extend efforts to sell its Trainer oil refinery because of "recent interest" from potential buyers. "We are continuing efforts to seek a buyer," the Houston company said in an e-mail. Extending the sales deadline from March 31 to the end of May will "allow more time for discussions to take place. " ConocoPhillips shut the 190,000-barrel-per-day refinery in the Delaware County community last year and laid off about 400 employees there as of Jan. 31. In January, ConocoPhillips said it intended to "permanently shut down" the Trainer refinery if it had not identified a buyer by the end of March.
NEWS
January 10, 2012 | By Andrew Maykuth, INQUIRER STAFF WRITER
ConocoPhillips said that no decision has been made about demolishing its refinery in Trainer if the company is unable to immediately find a buyer. Denis Stephano, president of United Steelworkers Local 10-234 that represents more than 200 workers at the idled Delaware County refinery, said Tuesday that the refinery's owner told labor leaders Thursday that the company would demolish the plant if is not sold by March 31. "This is the first time the company gave us this information," Stephano said in a news release.
NEWS
September 28, 2011 | By Mari A. Schaefer, Inquirer Staff Writer
In a corner of Delaware County still reeling from Sunoco's decision to sell or close its local refinery, Tuesday's announcement by another major employer, ConocoPhillips, to do the same felt like a death blow. At the Marcus Hook Trainer Fire Company, all eyes were glued to a television waiting for the news reports on ConocoPhillips' plan to immediately begin shutting down its operation at its Trainer facility. The refinery will permanently close if a buyer is not found in the next six months.
BUSINESS
September 28, 2011 | By Mike Armstrong, Inquirer Columnist
By next summer, Philadelphia could switch from being the center of the East Coast's oil-refining industry to a historical footnote. ConocoPhillips' announcement Tuesday that it plans to sell or shut down its Trainer, Delaware County, refinery was expected, especially after Sunoco Inc. announced a similar decision three weeks earlier. But that does not lessen the impact of the potential loss of 410 jobs at the 91-year-old refinery that ConocoPhillips has owned since 2002, when Conoco Inc. acquired Phillips Petroleum Co. The shutdown has already begun.
NEWS
November 12, 2003 | By Jennifer Lin INQUIRER STAFF WRITER
A terrorist slams a front-end loader into an oil tank at the ConocoPhillips refinery in Trainer, Delaware County. Crude pours over a dike and floods the Marcus Hook Creek. Soon, a metastasizing, 10,000-barrel spill shuts down the Delaware River. Now what? Luckily, the scenario was fiction, but the reaction was the real deal. Led by the local U.S. Coast Guard unit, more than 300 emergency responders began a two-day exercise yesterday to simulate an oil spill caused by a terrorist attack.
BUSINESS
April 18, 2012
Sen. Bob Casey Jr. (D., Pa.) and the Delaware County Council on Wednesday urged ConocoPhillips to sell its refinery in Trainer to a buyer that would keep the refinery operating as a manufacturing facility rather than as a fuel storage terminal. Prompted by rumors that potential buyers of the ConocoPhillips refinery in Trainer plan to shut down the plant, the elected leaders wrote Wednesday to ConoccoPhillips chief executive James Mulva to urge him to sell the plant to buyer that would operate it as a refinery, which would employ more people and require more investment than a fuel-storage facility.
NEWS
July 31, 2007 | By Lini S. Kadaba INQUIRER STAFF WRITER
An oil refinery employee, sought for allegedly running over his wife at a Wilmington shopping center, held police and fire officials from throughout Delaware County at bay for several hours from atop a refinery tower in Trainer last night. Around 9 p.m., the ConocoPhillips operations manager was taken into custody peacefully by Pennsylvania state police. Authorities said he was not armed when he came down. Delaware state police said the man, identified as Stephen DeJohn, 50, of Chadds Ford, ran over a 47-year-old woman in the Brandywine Town Center parking lot shortly after 2 p.m. in what they described as a domestic incident.
NEWS
December 22, 2011
Gasoline prices may rise above $4 next summer if three Philadelphia area refineries close, reducing capacity, said Edward Morse, New York-based head of commodities research at Citigroup. Sunoco Inc. and ConocoPhillips have idled two plants in Marcus Hook and Trainer, and Sunoco plans to shut the Philadelphia refinery by July if a buyer isn't found. Together, the plants account for about half of U.S. East Coast refining. "One of the things that's lurking in the marketplace is the consequence of this shutting in of about 700,000 barrels a day of East Coast refineries," Morse said in a Bloomberg TV interview.
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BUSINESS
January 2, 2013 | By Mike Armstrong, Inquirer Columnist
On Sunday, Philly Deals columnist Joseph N. DiStefano reviewed the top 10 business stories of 2012. Today, I take a stab at five local story lines to watch in 2013. First, can an airline really run a refinery better than an oil company? Delta Air Lines has high hopes for its Trainer complex, which restarted just about the time Hurricane Sandy hit in late October. Sure, it's not as if pilots and flight attendants are in charge of fuel production in Delaware County.
BUSINESS
October 26, 2012 | By Linda Loyd, Inquirer Staff Writer
US Airways Group Inc. and Delta Air Lines posted higher quarterly profits Wednesday and said the revenue environment ahead looks fairly good. US Airways, which is in talks with bankrupt American Airlines about a potential merger, said third-quarter profit more than doubled to $192 million, or 98 cents a share, from $95 million, or 51 cents a share, a year earlier. That beat analysts' average estimates of 92 cents. "That's our second-best third-quarter profit in company history," US Airways chief executive Doug Parker said during a call with investors.
BUSINESS
July 4, 2012 | By Jane M. Von Bergen and inquirer staff writer
Charles Wilson can hardly wait for Thursday. That's when he'll next report to his job at Sunoco's South Philadelphia refinery. To repeat for emphasis: He is going to report to his job at the refinery. "It's a breath of fresh air," said Wilson, 51, of Woodlyn, Delaware County. Or maybe it's a sigh of relief, one giant exhale, not only for Wilson, but for his 850 coworkers at the plant. Gone is the heavy fear of being one of Sunoco's doomed castoffs, rendered useless along with its sprawling South Philadelphia refinery that had been slated to close.
BUSINESS
May 2, 2012 | By Linda Loyd and Andrew Maykuth
Delta Air Lines, hoping to secure a steady source of discounted jet fuel, announced Monday that it will buy the ConocoPhillips oil refinery in Trainer for the bargain price of $150 million. The nation's second-largest commercial airline says it hopes to reduce its fuel expenses by $300 million a year with the acquisition. Delta spent $11.8 billion on jet fuel in 2011, about 36 percent of its operating expenses. "Acquiring the Trainer refinery is an innovative approach to managing our largest expense," said Richard Anderson, Delta's chief executive officer.
BUSINESS
April 26, 2012 | By Andrew Maykuth, INQUIRER STAFF WRITER
Oil-industry experts told a congressional panel on Thursday that regulations requiring more ethanol in motor fuel and setting stricter federal emission standards have driven some refineries out of business. A Joint Economic Committee hearing in Washington on the effect of the closure of Philadelphia area refineries turned into a broad-spectrum denunciation of federal environmental mandates. U.S. Sen. Robert Casey (D., Pa.), the committee's chairman, called the hearing in response to moves by ConocoPhillips and Sunoco Inc. to sell or shut down their Philadelphia area refineries.
NEWS
April 24, 2012 | By Andrew Maykuth, Inquirer Staff Writer
Sunoco Inc. may have found the rescuer for its sprawling South Philadelphia refinery. The Philadelphia company announced Monday that it has entered into exclusive talks with the Carlyle Group, a large private-equity manager with legendary political connections, to run the plant as a joint venture. The refinery, the largest on the East Coast, is Sunoco's last operating fuel-manufacturing plant. Sunoco, which has promised to shut down the 335,000-barrel-per-day refinery this summer if it is unable to find a buyer, would contribute the refinery assets in exchange for a nonoperating minority interest in the joint venture.
BUSINESS
April 19, 2012 | Inquirer Staff Report
IN THE REGION Pols: Keep it as a refinery U.S. Sen. Bob Casey Jr. (D., Pa.) and the Delaware County Council urged ConocoPhillips to sell its refinery in Trainer to a buyer that would keep the refinery operating as a manufacturing facility rather than turn it into a fuel storage terminal. Prompted by rumors that potential buyers of the ConocoPhillips refinery in Trainer plan to shut down the plant, the elected leaders wrote to ConocoPhillips chief executive James Mulva to urge him to sell the plant to buyer that would operate it as a refinery, which would employ more people and require more investment than a fuel-storage facility.
BUSINESS
April 18, 2012
Sen. Bob Casey Jr. (D., Pa.) and the Delaware County Council on Wednesday urged ConocoPhillips to sell its refinery in Trainer to a buyer that would keep the refinery operating as a manufacturing facility rather than as a fuel storage terminal. Prompted by rumors that potential buyers of the ConocoPhillips refinery in Trainer plan to shut down the plant, the elected leaders wrote Wednesday to ConoccoPhillips chief executive James Mulva to urge him to sell the plant to buyer that would operate it as a refinery, which would employ more people and require more investment than a fuel-storage facility.
NEWS
April 18, 2012 | By Andrew Maykuth, Inquirer Staff Writer
A Delta Air Lines bid to buy the idled ConocoPhillips refinery in Trainer to satisfy its enormous thirst for jet fuel appears to be gaining momentum, industry observers say. According to reports, the Delta board of directors has endorsed a plan to bid on the refinery, one of three Philadelphia fuel-processing facilities that face closure because of poor profits. Two others are owned by Sunoco Inc. of Philadelphia, which is exiting the refining business this year altogether. Prospective buyers face a May 2 deadline for a second round of bidding on the 185,000-barrel-a-day ConocoPhillips refinery, Tom Kloza, publisher of Oil Price Information Service, reported Monday.
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